BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the population limit at a place under which the banks don’t require a license from RBI to open a branch?
|
|
10000
|
|
|
20000
|
|
|
40000
|
|
|
50000
|
Explanation:
Detailed explanation-1: -The minimum net worth of such small finance banks shall be Rs. 100 crore from the date of commencement of business.
Detailed explanation-2: -(preferable Carpet area 900-1300 sqft) for opening of your Branch as per the details / terms and conditions given below: (Note: premises on ground floor with an area of 800-1300 sqft.)
Detailed explanation-3: -As per section 11(2) of Banking Regulation Act, 1949, the banking company incorporated outside India (Foreign Bank) must maintain paid-up capital and reserves of 15 lakhs rupees and if it has a place or places of business in the city of Mumbai or Calcutta or both, 20 lakhs rupees.
There is 1 question to complete.