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).
The Central Bureau of Investigation (CBI) Special Director Praveen Sinha has been elected as 'Delegate for Asia' on the executive committee of the International Criminal Police Organization (Interpol).
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.
EXAMIANS