What is the requirement as to minimum paid-up capital and reserves in the case of a banking company incorporated outside India?
Section 11. Requirement as to minimum paid-up capital and reserves: (2) In the case of a banking company incorporated outside India-- (a) the aggregate value of its paid-up capital and reserves shall not be less than fifteen lakhs of rupees and if it has a place or places of business in the city of Bombay or Calcutta or both, twenty lakhs of rupees; and (b) the banking company shall deposit and keep deposited with the Reserve Bank either in cash or in the form of unencumbered approved securities, or partly in cash and partly in the form of such securities-- (i) an amount which shall not be less than the minimum required by clause (a); and (ii) as soon as may be after the expiration of each year, an amount calculated at twenty per cent of its profit for that year in respect of all business transacted through its branches in India, as disclosed in the profit and loss account prepared with reference to that year under section 29.
Cabinet approves Nutrient Based Subsidy rates for Phosphatic and Potassic fertilizers for _____ 2022-23 from 1st October, 2022 to 31st March, 2023.
What was the main focus of the " Internet Saathi " program expanded by Google in India in 2024?
Which among the following recent announcements has been made regarding IIT Indore, and how is it expected to benefit the region?
What were the operational and financial highlights for REC Limited in Q4 FY24 compared to Q4 FY23 (Standalone)?
Which of following portal has been developed to digitally monitor and track the restoration and repatriation of children according to the protocol?
DHARA - Annual Meeting Of Members Of The River Cities Alliance to be held in Pune from 13th - 14th February, 2023, DHARA stands for?
Dr Subhash Babu is, _____Indian scientist, to be awarded Bailey K. Ashford Medal?
Which company has launched an ALT ID solution for guest checkout for each card to replace the real card numbers provided by cardholders during online tr...
What was the key feature of the collaboration between ISKCON and NSDC?
How many Internets Exchanges of National Internet Exchange of India (NIXI) have been installed and operational as on Dec 2022?