National Housing Bank (NHB), a wholly owned subsidiary of _________ A. RBI B. Government Of India C. IRDAI D. State Government

National Housing Bank (NHB), a wholly owned subsidiary of _________ A. RBI B. Government Of India C. IRDAI D. State Government
by

1 Answer

Answer :

A. RBI Explanation: National Housing Bank (NHB) is an apex level institution for housing. NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.
by
selected

Related questions

The NHB, which a wholly – owned subsidiary of the_____.(a )SBI b) BOI c)RBI)

Description : The NHB, which a wholly – owned subsidiary of the_____.(a )SBI b) BOI c)RBI)

Last Answer : c)RBI)

ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by? A. RBI B. Government Of India C. IRDAI D. NABARD

Description : ECGC Limited (Export Credit Guarantee Corporation of India Ltd) is a company wholly owned by? A. RBI B. Government Of India C. IRDAI D. NABARD

Last Answer : B. Government Of India Explanation: ECGC Ltd. (Export Credit Guarantee Corporation of India Ltd.), wholly owned by Government of India, was set up in 1957 with the objective of ... comprising representatives of the Government, Reserve Bank of India, banking, and insurance and exporting community.

Currently Small Industries Development Bank of India(SIDBI) is a wholly owned subsidiary of _______ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

Description : Currently Small Industries Development Bank of India(SIDBI) is a wholly owned subsidiary of _______ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

Last Answer : C. 34 Government of India owned / controlled institutions Explanation: Small Industries Development Bank of India(SIDBI) was incorporated initially as a wholly owned subsidiary of Industrial Development ... . Currently the ownership is held by 34 Government of India owned / controlled institutions.

The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)

Description : The setting up of the National Housing Bank (NHB), a fully owned subsidiary of the Reserve Bank of India in _____ as the apex institution marketed the beginning of emergence housing finance as a fund based financial services in India.(a) 1987, b) 1978, c)1988)

Last Answer : c)1988)

The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Description : The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Last Answer : The answer is 'Reserve Bank of India'

The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Description : The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Last Answer : answer:

The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Description : The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? -General Knowledge

Last Answer : answer:

1. What is the wavelength of visible spectrum? 2. The fragments of which comet system collided with Jupiter in July 1994 ? 3. The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank? 5. Which was the most important factor in transforming ancient Indian society into feudal society?

Description : 1. What is the wavelength of visible spectrum? 2. The fragments of which comet system collided with Jupiter in July 1994 ? 3. The National Housing Bank was set up in India as a wholly ... in which countries? 20. The Portuguese traveller, Nuniz visited Vijayanagar during the reign of which rular?

Last Answer : Answer : 1. 3900-7600 A 2. Shoemaker-Levy 9 3. Reserve Bank of India 5. Practice of land grants 6. Chimpanzee 7. From civil cases only 8. Strontiur and barium 9. Hungary 10. Rajaraja 11. ... The Centre 17. Because of scattering of light 18. Lowest average costs 19. China and India 20. Achyuta Raya

NHB is wholly owned by ______ A. GOI B. RBI C. SEBI D. NABARD E. None of the Above

Description : NHB is wholly owned by ______ A. GOI B. RBI C. SEBI D. NABARD E. None of the Above

Last Answer : B. RBI Explanation: NHB is wholly owned by Reserve Bank of India.

Which of the following contributed the entire paid-up capital in National Housing Bank(NHB)? A. GOI B. RBI C. SEBI D. NABARD E. None of the Above

Description : Which of the following contributed the entire paid-up capital in National Housing Bank(NHB)? A. GOI B. RBI C. SEBI D. NABARD E. None of the Above

Last Answer : B. RBI Explanation: RBI contributed the entire paid-up capital in National Housing Bank(NHB).

In terms of _________, HFCs cannot conduct business of housing finance without obtaining a Certificate of Registration (CoR) from NHB A. Section 29A of National Housing Bank 1987 B. Section 28A of National Housing Bank 1987 C. Section 27A of National Housing Bank 1987 D. Section 26A of National Housing Bank 1987 E. None of the Above

Description : In terms of _________, HFCs cannot conduct business of housing finance without obtaining a Certificate of Registration (CoR) from NHB A. Section 29A of National Housing Bank 1987 B. Section 28A of National ... Housing Bank 1987 D. Section 26A of National Housing Bank 1987 E. None of the Above

Last Answer : A. Section 29A of National Housing Bank 1987 Explanation: In terms of section 29A of the National Housing Bank, 1987, HFCs cannot conduct business of housing finance without obtaining a Certificate of ... can also file application for winding up of such HFCs, under section 33B of the said Act.

Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of ________ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

Description : Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of ________ A. RBI B. IDBI C. 34 Government of India owned / controlled institutions D. None of the Above

Last Answer : A. RBI Explanation: Deposit Insurance and Credit Guarantee Corporation ( DICGC) is a subsidiary of Reserve Bank of India. It was established under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for ... recurring deposits for up to the limit of Rs. 100,000 of each deposits in a bank.

National Housing Bank(NHB) was set up under ___________ A. National Housing Bank Act, 1987 B. National Housing Bank Act, 1977 C. National Housing Bank Act, 1967 D. National Housing Bank Act, 1957 E. None of the Above

Description : National Housing Bank(NHB) was set up under ___________ A. National Housing Bank Act, 1987 B. National Housing Bank Act, 1977 C. National Housing Bank Act, 1967 D. National Housing Bank Act, 1957 E. None of the Above

Last Answer : A. National Housing Bank Act, 1987 Explanation: NHB was set up on 9 July 1988 under the National Housing Bank Act, 1987.

Narrow Competitive advantages but High Tradability suggest which mode of international entry? A. Export B. Franchise / Licensee C. Joint Venture D. Wholly owned subsidiary

Description : Narrow Competitive advantages but High Tradability suggest which mode of international entry? A. Export B. Franchise / Licensee C. Joint Venture D. Wholly owned subsidiary

Last Answer : Franchise / Licensee

Broad Competitive advantages but Low Tradability suggest which mode of international entry? A. Joint Venture B. Franchise C. Export D. Wholly owned subsidiary

Description : Broad Competitive advantages but Low Tradability suggest which mode of international entry? A. Joint Venture B. Franchise C. Export D. Wholly owned subsidiary

Last Answer : Wholly owned subsidiary

Low Tradability and Narrow Competitive advantages suggest which mode of international entry? A. License B. Wholly owned subsidiary C. Joint Venture D. Export

Description : Low Tradability and Narrow Competitive advantages suggest which mode of international entry? A. License B. Wholly owned subsidiary C. Joint Venture D. Export

Last Answer : Joint Venture

High Tradability and Breadth of Competitive advantage suggest which mode of international entry? A. Export B. Franchise C. Wholly owned subsidiary D. Joint Venture

Description : High Tradability and Breadth of Competitive advantage suggest which mode of international entry? A. Export B. Franchise C. Wholly owned subsidiary D. Joint Venture

Last Answer : Export

Which of the following is a mode of entry which can be chosen when going international? A. Consignment B. Wholly Owned Subsidiary C. Leasing D. Email

Description : Which of the following is a mode of entry which can be chosen when going international? A. Consignment B. Wholly Owned Subsidiary C. Leasing D. Email

Last Answer : Wholly Owned Subsidiary

Which of the following holds majority stake in NABARD? A. RBI B. Government Of India C. IRDAI D. None of the Above

Description : Which of the following holds majority stake in NABARD? A. RBI B. Government Of India C. IRDAI D. None of the Above

Last Answer : B. Government Of India Explanation: National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India, having headquarters in Mumbai, Maharashtra. RBI sold its stake in NABARD to the Government of India, which now holds 99% stake.

Which of the following companies has set up two wholly owned subsidiaries in July 2016, one for its broker business and another for insurance business? A) EXIM Bank B) Religare Enterprises C) Muthoot Finance D) Sahara Asset Management Company E) None of these

Description : Which of the following companies has set up two wholly owned subsidiaries in July 2016, one for its broker business and another for insurance business? A) EXIM Bank B) Religare Enterprises C) Muthoot Finance D) Sahara Asset Management Company E) None of these

Last Answer : B) Religare Enterprises Explanation: Religare Enterprises has set up two wholly owned subsidiaries – Religare Broking Limited and Religare Insurance Ltd – as part of its restructuring plan.

Which of the following is/are share holders of CERSAI? A. GOI B. RBI C. PSBs D. NHB E. (A), (C) and (D)

Description : Which of the following is/are share holders of CERSAI? A. GOI B. RBI C. PSBs D. NHB E. (A), (C) and (D)

Last Answer : E. (A), (C) and (D) Explanation: The Company is a Government Company with a shareholding of 51% by the Central Government and select Public Sector Banks and the National Housing Bank are also shareholders of the Company.

Which of the following is an apex financial institution for housing? A. AIFI B. NHB C. DFI D. Both (A) and (B) E. None of the Above

Description : Which of the following is an apex financial institution for housing? A. AIFI B. NHB C. DFI D. Both (A) and (B) E. None of the Above

Last Answer : B. NHB Explanation: NHB is an apex financial institution for housing. NHB has been established with an objective to operate as a principal agency to promote housing finance institutions both at local and regional levels.

CERSAI incorporated with majority share holding of ________ A. Government of India B. National Housing Bank C. Public Sector Banks D. Both (B) and (C) E. (A), (C) and (B)

Description : CERSAI incorporated with majority share holding of ________ A. Government of India B. National Housing Bank C. Public Sector Banks D. Both (B) and (C) E. (A), (C) and (B)

Last Answer : A. Government of India Explanation: 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks.

Which of the following US-based life and health reinsurer has received the approval regulator IRDAI to set up a branch in the country? A) Swiss Reinsurance America Corporation B) Everest Reinsurance Company C) Reinsurance Group of America D) National Indemnity Company E) None of these

Description : Which of the following US-based life and health reinsurer has received the approval regulator IRDAI to set up a branch in the country? A) Swiss Reinsurance America Corporation B) Everest Reinsurance Company C) Reinsurance Group of America D) National Indemnity Company E) None of these

Last Answer : C) Reinsurance Group of America Explanation: US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval regulator Irdai to set up a branch in ... Authority of India (Irdai) has approved R-1 (requisition for registration) application of the company

The Regional Rural Banks were owned by _________ A. Central Government B. State Government C. Sponsor Banks D. All of the Above

Description : The Regional Rural Banks were owned by _________ A. Central Government B. State Government C. Sponsor Banks D. All of the Above

Last Answer : D. All of the Above Explanation: The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank. Central Government-50% State Government- 15% Sponsor Banks- 35%.

A reserve of land usually declared and owned by national government which is protected from most human development works and pollution is known as _________. a) National park b)hotspot c )biosphere reserve d)refuge

Description : A reserve of land usually declared and owned by national government which is protected from most human development works and pollution is known as _________. a) National park b)hotspot c )biosphere reserve d)refuge

Last Answer : a) National park

Cash kept in the currency chest is owned by? A. Currency Chest branch bank B. State Bank of India C. Central Government D. Reserve Bank of India

Description : Cash kept in the currency chest is owned by? A. Currency Chest branch bank B. State Bank of India C. Central Government D. Reserve Bank of India

Last Answer : D. Reserve Bank of India Explanation: The amount of cash kept in the currency chest belongs to the RBI and is used for maintaining the Cash Reserve Ratio. To facilitate the distribution of ... These are actually storehouses where banknotes and rupee coins are stocked on behalf of the Reserve Bank.

Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI

Description : Who finalises the value and volume of the notes to be printed every year? A. Independently by Ministry of Finance B. Independently by Ministry of Government of India C. Committee of Bank Heads D. With Mutual Consultation of the GOI and Bank Heads E. With Mutual Consultation of the RBI and GOI

Last Answer : E. With Mutual Consultation of the RBI and GOI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

The largest shareholder of a nationalized bank is_______ A. RBI B. Government of India C. NABARD D. All of the Above E. None of the Above

Description : The largest shareholder of a nationalized bank is_______ A. RBI B. Government of India C. NABARD D. All of the Above E. None of the Above

Last Answer : B. Government of India Explanation: Public Sector Banks (PSBs) are banks where a majority stake (i.e. more than 50%) is held by a government.The shares of these banks are listed on stock ... 2011 IDBI bank and in 2014 Bharatiya Mahila Bank were nationalized with a minimum capital of Rs 500 crore.

Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Description : Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: SBI has the following Non-Banking Subsidiaries in India: SBI Capital Markets Ltd. SBI Funds Management Pvt Ltd. SBI Global Factors Ltd. SBI Cards & Payments ... (SBICPSL) SBI DFHI Ltd. SBI General Insurance Company Limited. SBI Pension Funds Pvt Ltd (SBIPFPL)

Which of the following would not fit the description of a related-party transaction? a. An unusually large sale of merchandise to the company's best and largest customer. b. Sales of merchandise between a parent company and its subsidiary. c. Exchanges of equipment between two companies owned by the same person. d. Loans to corporate officers at market rates of interest with a regular repayment schedule.

Description : Which of the following would not fit the description of a related-party transaction? a. An unusually large sale of merchandise to the company's best and largest customer. b. Sales of merchandise ... person. d. Loans to corporate officers at market rates of interest with a regular repayment schedule.

Last Answer : An unusually large sale of merchandise to the company's best and largest customer.

Insurance regulator IRDAI has warned which insurance company for noncompliance of „Expenses of Management‟ (EoM) norms? A) Sahara India Life Insurance B) Bajaj Allianz Life Insurance C) Aegon Life Insurance D) IDBI Federal Life Insurance E) Max Life Insurance

Description : Insurance regulator IRDAI has warned which insurance company for noncompliance of „Expenses of Management‟ (EoM) norms? A) Sahara India Life Insurance B) Bajaj Allianz Life Insurance C) Aegon Life Insurance D) IDBI Federal Life Insurance E) Max Life Insurance

Last Answer : A) Sahara India Life Insurance Explanation: Insurance regulator IRDAI has warned Sahara India Life Insurance Co for noncompliance of ‗Expenses of Management‘ (EoM) norms, and asked it to bring the expenditure levels within the limits by 2016-17-end.

Which of the following has/have received „certificate of registration‟ from insurance regulator IRDAI to commence insurance business in the country? A) Sahayog Microfinance Ltd B) Aditya Birla group C) Edelweiss Financial Services D) Both A and B E) Both B and C

Description : Which of the following has/have received „certificate of registration‟ from insurance regulator IRDAI to commence insurance business in the country? A) Sahayog Microfinance Ltd B) Aditya Birla group C) Edelweiss Financial Services D) Both A and B E) Both B and C

Last Answer : E) Both B and C Explanation: Aditya Birla Health Insurance Co today said it has received ‗certificate of registration from regulator Irda, moving a step closer to commencing business. ... General Insurance Company in India, filed by Edelweiss General Insurance Company, a wholly owned subsidiary.

The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Description : The Foreign exchange of India is kept with _________ A. SBI B. ECGC C. RBI D. NABARD E. other than those given as options

Last Answer : C. RBI Explanation: Reserve Bank of India accumulates foreign currency reserves by purchasing from authorized dealers in open market operations. Foreign exchange reserves of India act as a cushion against rupee ... Currency Assets (b) Gold (c) SDRs (d) Reserve Tranche Position in the IMF.

SMERA is a joint initiative of _________ A. SIDBI & Leading PSBs B. Dun & Bradstreet Information Services India Private Limited (D&B) & Leading Private Banks C. RBI & SEBI D. Both (A) and (B) E. Both (A) and (C)

Description : SMERA is a joint initiative of _________ A. SIDBI & Leading PSBs B. Dun & Bradstreet Information Services India Private Limited (D&B) & Leading Private Banks C. RBI & SEBI D. Both (A) and (B) E. Both (A) and (C)

Last Answer : D. Both (A) and (B) Explanation: SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a joint initiative of Small Industries Development Bank of India (SIDBI), Dun & Bradstreet Information Services India Private Limited (D&B) and leading public and private sector banks in India.

The Headquarters of NHB located in ________ A. Chennai B. Mumbai C. New Delhi D. Gurugram E. None of the Above

Description : The Headquarters of NHB located in ________ A. Chennai B. Mumbai C. New Delhi D. Gurugram E. None of the Above

Last Answer : C. New Delhi Explanation: Headquarters of NHB located in New Delhi.

State function of Insurance Regulating Authority in India (IRDAI)

Description : State function of Insurance Regulating Authority in India (IRDAI)

Last Answer : Function of Insurance Regulating Authority in India (IRDAI) 1. To regulate the rates, terms and Conditions of insurance, offered to their customer in general insurance business. 2. To ... any other organization connected with insurance company. 5. Make guidelines & arrange trainings to agents.

EXIM Bank is authorized to raise loan from (a) RBI ; (b) Government of India ; (c) International market ; (d) Trading activities

Description : EXIM Bank is authorized to raise loan from (a) RBI ; (b) Government of India ; (c) International market ; (d) Trading activities

Last Answer : (d) Trading activities 

The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Description : The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

Last Answer : Rs.2 crore Explanation: Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is Rs. 2 crore.

Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Description : Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Last Answer : A. RBI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

Description : RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

Last Answer : D) UCO Bank Explanation: Reserve Bank of India has told state-run Uco Bank to pay Rs 1 crore penalty for flouting bill discounting norms which allowed current account holders siphon out funds.

The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______ A. SIDBI B. NABARD C. RBI D. MUDRA E. DRDA

Description : The “Stand Up India” is aimed at promoting entrepreneurship among women and scheduled castes and tribes. The bank loans under the scheme shall be referenced to _______ A. SIDBI B. NABARD C. RBI D. MUDRA E. DRDA

Last Answer : A. SIDBI Explanation: The ―Stand up India Scheme‖ is being launched now to promote entrepreneurship among Scheduled Caste/Schedule Tribe and Women for loans in the range of Rs. 10 Lakhs to Rs. 100 Lakhs. The bank loans under the scheme shall be referenced to SIDBI.

Treasury bills are issued in India by ______ A. RBI B. State Government C. Government of India D. SEBI

Description : Treasury bills are issued in India by ______ A. RBI B. State Government C. Government of India D. SEBI

Last Answer : C. Government of India Explanation: Treasury bills (T-bills) offer short-term investment opportunities, generally up to one year. They are thus useful in managing short-term liquidity. At present, the ... , 91-day, 182-day and 364-day. There are no treasury bills issued by State Governments.

Which of these terms are/is appropriate for RBI? (a) Banker’s Bank ; (b) Banker’s to the Government ; (c) Both ; (d) None

Description : Which of these terms are/is appropriate for RBI? (a) Banker’s Bank ; (b) Banker’s to the Government ; (c) Both ; (d) None

Last Answer : (c) Both ;

The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organization (4) None of these

Description : The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organization (4) None of these

Last Answer : (3) The NSSO (National Sample Survey Organization Explanation: The National Sample Survey Office (NSSO) in India is a unique setup to carry out surveys on socioeconomic, demographic, agricultural ... of India for collection of statistical data in the areas which are vital for developmental planning.

The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organi-sation) (4) None of these

Description : The data collection for national income estimation is conducted in India by— (1) The Finance Ministry of the Government of India (2) The RBI (3) The NSSO (National Sample Survey Organi-sation) (4) None of these

Last Answer : The NSSO (National Sample Survey Organi-sation)

Describe role of Insurance Regulatory Authority Of India (IRDAI) in motor vehicle insurance.

Description : Describe role of Insurance Regulatory Authority Of India (IRDAI) in motor vehicle insurance.

Last Answer : 1. To regulate the rates, terms and Conditions of insurance, offered to their customer in general insurance business. 2. To regulate how insurance company invest their funds and maintain their margin ... . 6. Also making code of conduct for surveyors and loss assessor working with insurance company.

The RBI has allowed Axis Bank to raise shareholding to up to ____ from the earlier limit of 49%. A) 54% B) 62% C) 59% D) 64% E) 70%

Description : The RBI has allowed Axis Bank to raise shareholding to up to ____ from the earlier limit of 49%. A) 54% B) 62% C) 59% D) 64% E) 70%

Last Answer : B) 62% Explanation: The Reserve Bank of India (RBI) allowed the bank to raise foreign shareholding limit to 62%, from the earlier limit of 49%. Foreign institutional investors (FIIs)/registered foreign ... 49% up to 62%of the paid-up capital of Axis Bank under the Portfolio Investment Scheme (PIS)

What is the initial minimum paid-up equity capital required for new on-tap license to set up private bank as announced by RBI? A) Rs 5 crore B) Rs 100 crore C) Rs 500 crore D) Rs 50 crore E) Rs 200 crore

Description : What is the initial minimum paid-up equity capital required for new on-tap license to set up private bank as announced by RBI? A) Rs 5 crore B) Rs 100 crore C) Rs 500 crore D) Rs 50 crore E) Rs 200 crore

Last Answer : C) Rs 500 crore Explanation: The Reserve Bank of India released norms for on-tap permits for private sector banks and said the validity of the in-principle approval issued by the RBI will be 18 months from the date of granting in-principle approval.

Bank Holidays are covered by which of the following? A. As per the order of the GOI B. As per the order of the IBA C. Negotiable Instruments Act D. RBI Act E. Other than those given as options

Description : Bank Holidays are covered by which of the following? A. As per the order of the GOI B. As per the order of the IBA C. Negotiable Instruments Act D. RBI Act E. Other than those given as options

Last Answer : C. Negotiable Instruments Act Explanation: Bank Holidays are declared by Central/State Governments/ Union Territory under the Negotiable Instruments (NI) Act, 1881.