Current Affairs - National - Discussion

Discussion Forum : National - Latest Current Affairs (Q.No. 1462)
Under RBI's new directives, what is the minimum initial capital required to set up a new universal bank?
Rs 500 crore
Rs 700 crore
Rs 1000 crore
Rs 800 crore
Answer: Option
The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to Rs 1000 crore (from present Rs 500 crore).
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