Exams › IBPS PO › General Awareness

As per RBI guidelines on the tap universal banking licence, the bank should have a minimum paid-up voting equity capital of ₹ ___ crore.

1. 500
2. 1000
3. 350
4. 200

Correct answer: 500

Solution

RBI guidelines for a universal banking licence require a minimum paid-up voting equity capital of ₹500 crore. This is a standard banking awareness fact. Therefore, 500 is correct.

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