Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  What is the minimum start up capital fixed for Local Area Capital Banks?

a. Rs 1 crore
b. Rs 2 crore
c. Rs 5 crore
d. Rs 10 crore


ANSWER: See Answer
 
The minimum start-up capital of a LAB was fixed at Rs.5 crore and the promoters were asked to bring entire minimum share capital up-front.
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