Current Affairs · Banking Sector Regulations
Which of the following statements is correct regarding the RBI's Comprehensive Scheme for Setting Up Wholly Owned Subsidiaries (WOS) by Foreign Banks in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1WOS are completely exempted from maintaining the CRAR limits during their first three years of business operations.
- 2The minimum capital requirement for a WOS is ₹500 crore, brought upfront through foreign exchange remittance.✓
- 3The minimum capital requirement for establishing a WOS is ₹100 crore, brought in local capital markets.
- 4Foreign banks are permitted to operate simultaneously as both a decentralized branch network and an independent WOS model.
Correct answer
The minimum capital requirement for a WOS is ₹500 crore, brought upfront through foreign exchange remittance.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Sector Regulations MCQs →Want more practice questions on Banking Sector Regulations?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Banking Sector Regulations