Economics · Banking and Financial Institutions
According to the recommendations put forth by the Nachiket Mor Committee established by the Reserve Bank of India in 2013, what was the minimum capital requirement proposed for the newly created category of financial entities known as Payments Banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 200 crore
- 2Rs. 100 crore
- 3Rs. 50 crore✓
- 4Rs. 25 crore
Correct answer
Rs. 50 crore
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