Question

Which of the following pairs is correctly matched with respect to capital or paid up capital requirements? Institution Minimum Paid-Up / Initial Capital Requirement

1. Local Area Bank ₹5 crore

2. Small Finance Bank ₹300 crore (revised)

3. Payment Bank ₹100-200 crore

4. All of the above

Choose the correct option:

• A. Only 1 & 2 are correct
• B. Only 2 & 3 are correct
• C. Only 1 & 3 are correct
• D. All three (1, 2 & 3) are correct

Answer 1

Answer:

D. All three (1, 2 & 3) are correct

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