Economics · Scheduled and Non-scheduled Banks
Under the RBI Act, 1934, what is the minimum aggregate value of paid-up capital and reserves required for a bank to be included in the Second Schedule?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1 Crore
- 2Rs. 50 Lakhs
- 3Rs. 10 Lakhs
- 4Rs. 5 Lakhs✓
Correct answer
Rs. 5 Lakhs
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