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    Question

    What is the necessary minimum capital that the parent

    bank shall provide for setting up the Banking Unit?
    A 20 million rupees Correct Answer Incorrect Answer
    B 30 million rupees Correct Answer Incorrect Answer
    C 20 million USD Correct Answer Incorrect Answer
    D 30 million USD Correct Answer Incorrect Answer
    E 50 million USD Correct Answer Incorrect Answer

    Solution

    IFSCA (Banking) Regulations 2020 The Parent bank shall provide necessary capital for the BU, subject to a minimum of USD 20 million or such other level of capital that may be specified by the Authority. Such capital shall be maintained at the Parent Bank in the manner as specified by the Authority.

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