GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If a bank needs to attract Provident Fund Deposits, what are the criteria that banks must possess?
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Capital adequacy of 9 %
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Profitability in preceding 3 years
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Minimum of Rs.200 crores as net worth
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All of the above
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Explanation:
Detailed explanation-1: -(i) Accepting deposits, (ii) Advancing of loans are the two essential conditions for a financial institution to become a bank.
Detailed explanation-2: -Analyze your best customers. Raise your deposit rate. Invest in your community. Make sure your local SEO is up-to-date. Use online advertising. Make sure your website is responsive. Tie in other services. Partner with reputable businesses. More items
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