Master Direction- Reserve Bank of India (Financial Services provided by Banks) Directions, 2016 Flashcards
1
Q
Equity investment by a bank in a subsidiary company, or a financial services company, not being a subsidiary, individually, shall not exceed ….. per cent of the bank’s paid-up share capital and reserves as per the last audited balance sheet or a subsequent balance sheet, whichever is lower
A
10
2
Q
No bank shall contribute more than …….. per cent of the equity of Infrastructure Debt Fund set up as a Non-banking Finance Company (IDF-NBFC).
A
49
3
Q
A bank contributing less than ….. per cent of the equity of IDF-NBFC shall not be a sponsor.
A
30
