Economics · Economy
Under the RBI 'On-Tap' licensing guidelines for Universal Banks in the private sector, what is the minimum initial paid-up voting equity capital / net worth required for a bank to commence operations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹300 Crore
- 2₹1000 Crore✓
- 3₹500 Crore
- 4₹200 Crore
Correct answer
₹1000 Crore
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