Question
Which of the following is not a requirement for an
entity to be eligible to set up a payment bank in India?Solution
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.
Khangchendzonga National Park is situated in the Indian state of
In the context of the drainage system of river Sutlej, which of the following statement is correct?
Arrange the following North-Eastern hills in order starting from North to South:
1. Lushai Hills
2. Manipur Hills
3. Patkai Bum
...Which river rises in the Indian Himalayas?
Another name of Carborundum is
Amindivi and Minicoy are parts of which Indian Union Territory?
Which is India's eastern most state?
Consider the following pairs of local wind and their associated features.
Mount Everest is located in which mountain range.
Which of the following statements are correct regarding Himalayan Mountain range?
1. The Shiwalik formations are absent in Arunachal Himalayas.
