Economy, asked by PyushSharmaz2909, 10 months ago

Minimum capital requirement for payment banks in india

Answers

Answered by devsharma30548

Answer:

1.)Minimum capital requirement for opening payment banks in india in india

Explanation:

1.)The minimum capital requirement is 100 crore. For the first five years, the stake of the promoter should remain at least 40%. Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in india

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