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.
Sea island cotton is known as:
1 Gray(Gy) =
Which of the following is not a fiber crop?
When was the famous battle of Panipat fought?
The costs that have already been incurred and cannot be recovered are called ____
Asepsis is a process of:
How does the structure of monosaccharides contribute to the phenomenon of mutarotation?
Alkali soils appear black due to
According to Barnard, a leader performs the following functions
The intersection of the demand and supply curves indicates the equilibrium:
