BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the minimum capital required to set up payments bank?
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Rs 100 crore
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Rs 75 crore
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Rs 50 crore
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Rs 25 crore
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Explanation:
Detailed explanation-1: -100 crore. The payments bank shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed by RBI from time to time. Tier I capital should be at least 7.5 per cent of RWAs.
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