Question

The minimum start-up capital of a Local Area Banks (LAB) is fixed at ___.​

Answer 1

Answer:

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Explanation:

1.2 Capital:

The minimum start-up capital of a LAB was fixed at Rs. 5 crore. The promoters of these banks were required to bring in the entire minimum share capital up-front.

Answer 2

Answer:

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Explanation:

Capital:

The minimum start-up capital of a LAB was fixed at Rs. 5 crore. The promoters of these banks were required to bring in the entire minimum share capital up-front.