question_answer

Reserve Bank has permitted RRBs for opening/maintaining non-residents (ordinary/external) accounts in rupees and for acceptance of FCNR (2) deposits subjects to the condition that

A)  the bank should have a positive net worth and earned net profit during the preceding year

B)  the bank should not have defaulted in maintenance of CRR/SLR requirements on more than three occasions during the preceding 2 years.

C)  net NPA level of the bank should not exceed 5% of the outstanding advances as on 31st March of the preceding year

D)  Both [b] and [c]

E)  All of these