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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-2

  • question_answer
    As per the RBI guidelines on the licensing of Small Bank and Payment Bank, the rninimum paid-up capital requirement is

    A)  Rs. 50 crore

    B)  Rs. 100 crore

    C)  Rs. 250 crore

    D)  Rs. 500 crore

    E)  Rs. 1000 crore

    Correct Answer: B

    Solution :

     As per the Guidelines for Licensing of Payments Banks and Small Banks, released by the RBI on 27 November 2014, the minimum paid up capital requirement of both payments banks and small banks is kept at Rs. 100 crore, of which the promoters' initial minimum contribution will be at least 40 per cent, to be locked in for a period of five years.


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