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    Question

    RBI announced to lower net worth requirement from 100

    crore to ____ for operating the units in Bharat Bill Payment Systems.
    A 15 crore Correct Answer Incorrect Answer
    B 20 crore Correct Answer Incorrect Answer
    C 25 crore Correct Answer Incorrect Answer
    D 30 crore Correct Answer Incorrect Answer
    E 35 crore Correct Answer Incorrect Answer

    Solution

    RBI has decided to lower the net worth requirement of operating units to ₹25 crore from the current limit set at ₹100 crore. Non-banking companies now need Rs. 25 crore minimum net worth to set up Bharat Bill Payment Operating Units (BBPOU), the Reserve Bank of India (RBI) informed on May 26. The minimum net-worth criterion for non-bank firms has been lowered from the earlier minimum net worth requirement of Rs. 100 crore.

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