To be eligible to set up a payment bank in India, an entity must fulfill several requirements, including being a company incorporated in India, having a minimum net worth of Rs. 100 crore, and having a track record of three years in the financial sector. However, there is no requirement for the entity to have a foreign shareholding of less than 49%. In fact, the guidelines issued by the Reserve Bank of India (RBI) in 2014 allow up to 74% foreign shareholding in a payment bank. Hence, option D is incorrect.
Which of the following statements is/are true?
Statement A: Sand and silt materials transported by wind are called as loess and aeolian
What is the scientific name of white grub?
Bunchy top disease of banana is transmitted by
Coverage area of knapsack sprayer (hand operated) is _____
Which of the following is an apex organization of marketing cooperatives for agricultural produce in India?
Which nutrient deficiency is responsible for little leaf in mango and mottle leaf of citrus?
Trashing, Arrowing and Ratooning are common practices in
Given below are two statements:
Statement I
Crop sequences involving cereals and pulses are commonly followed under the...
Which scheme provides financial assistance for market development activities under the Agricultural Export Policy?
Windbreaks are planted in which direction?
