Question

what is the minimum Capital requirement of a bank according to the Banking Regulation Act​

Answer 1

Explanation:

25,000 in respect of each place of business elsewhere in the State. No such banking company shall be required to have paid-up capital and reserves exceeding Rs. 5 lakhs and no such banking company which has only one place of business shall be required to have paid-up capital and reserves exceeding Rs. 50,000.