29 November 2021 Current Affairs
The Reserve Bank of India has increased the cap on promoters' stake in the private bank to which percent of the paid-up voting equity share capital of the bank?
The cap on promoters' stake in the long run of 15 years has been raised from 15 percent (earlier) to 26 percent of the paid-up voting equity share capital of the bank.
The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to Rs 1000 crore (from present Rs 500 crore).
EXAMIANS