GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the minimum capital requirement for New Banks in the Private Sector?
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Rs. 250 crore
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Rs. 500 crore
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Rs. 750 crore
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Rs. 1000 crore
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Explanation:
Detailed explanation-1: -(iii) Minimum capital requirement: Minimum capital requirement will be Rs 500 crore. Subject to this, actual capital to be brought in will depend on the business plan of the promoters.
Detailed explanation-2: -Under Basel III, the minimum capital adequacy ratio that banks must maintain is 8%.
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