Question

According to the RBI Act, 1934, what is the minimum threshold for paid-up capital and reserves a bank must possess to qualify as a Scheduled Bank?

• A. ₹2 lakh
• B. ₹10 lakh
• C. ₹1 crore
• D. ₹5 lakh

Answer 1

Answer:

D. ₹5 lakh

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