Question
What is the necessary minimum capital that the parent
bank shall provide for setting up the Banking Unit?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.
Find the difference between minimum and maximum value of 'c' such that '5c4632' is always divisible by 3.
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What must be added to (7/20) to make it (3/4)?
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