Discussion Forum : Nabard & Other Bank Examinations
Question - What is the minimum start up capital fixed for Local Area Capital Banks?
Options:
A .  Rs 1 crore
B .  Rs 2 crore
C .  Rs 5 crore
D .  Rs 10 crore
Answer: Option C
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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