2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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15%
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18%
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21%
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26%
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Detailed explanation-1: -3. Recommendation No. 3: The cap on promoters’ stake in long run of 15 years may be raised from the current levels of 15 per cent to 26 per cent of the paid-up voting equity share capital of the bank.
Detailed explanation-2: -“The cap on promoters’ stake in [the] long run of 15 years may be raised from the current levels of 15% to 26% of the paid-up voting equity share capital of the bank.
Detailed explanation-3: -According to the RBI’s current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years.
Detailed explanation-4: -The promoters shall hold a minimum of 40 per cent of the paid-up voting equity capital of the bank at all times during the first five years from the date of commencement of business of the bank.
Detailed explanation-5: -Rs. RBI did not start as a Government owned bank but as a privately held bank without major government ownership. It started with a Share Capital of Rs. 5 Crore, divided into shares of Rs. 100 each fully paid up.