According to the 2013 guidelines of the Reserve Bank of India, new Private Sector Banks were required…
According to the Reserve Bank of India's Guidelines for Licensing of New Banks in the Private Sector issued in February 2013, the minimum initial paid-up voting equity…
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According to the 2013 guidelines of the Reserve Bank of India, new Private Sector Banks were required to have a minimum paid up equity capital of
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Correct answer D
According to the Reserve Bank of India's Guidelines for Licensing of New Banks in the Private Sector issued in February 2013, the minimum initial paid-up voting equity capital required to set up a new private sector bank was fixed at 'Rs. 500 crores'.
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UGC NET Commerce