What is the minimum capital required to set up payments bank? – McqOptions

MCQOPTIONS

1.	What is the minimum capital required to set up payments bank?
A.	Rs 100 crore
B.	Rs 75 crore
C.	Rs 50 crore
D.	Rs 25 crore
Answer» B. Rs 75 crore

Discussion

No Comment Found

Related MCQs

India provided a grant of Rs 2 billion to which country's Gyalsung Infra Project?
World Bicycle Day Day is being celebrated on which day?
Which of the following statements is/ are correct about small finance bank? 1. Small finance banks can provide Loans and advances of up to Rs 25 lakhs, primarily to micro enterprises. 2. As per the RBI rules, small finance bank have to manage a quarter of their branches in un-banked rural areas
For Small Finance Bank, ____ of its loan portfolio should constitute loans andadvances of upto Rs. 25 lakh.
Which is India’s First payment bank?
Entrepreneurs are best as ________________
Which of these accounts can be opened in payment bank?
Which of the following statement is wrong about Small Finance Banks?
What is the minimum capital required to set up payments bank?
How many payments banks have actually started operations since RBI has grantedthe in-principle approval?