Question 117
Which of the following is not an eligibility condition placed in the ‘Draft Guidelines for Licensing of New Banks in the Private Sector’ issued by the Reserve Bank of India on 29th August 2011?
Solution
There is no such condition that foreign shareholding in the new bank shall not exceed 5% for the first 5 years placed in the ‘Draft Guidelines for Licensing of New Banks in the Private Sector’ issued by the Reserve Bank of India on 29th August 2011.
Hence, option C is the correct answer.
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