UPSC Civil Services 2024 Prelims General Studies Paper I
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Question : 49 of 100
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With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements :
1. There is no minimum capital requirement for wholly owned banking subsidiaries in India.
2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals.
Which of the statements given above is/are correct?
1. There is no minimum capital requirement for wholly owned banking subsidiaries in India.
2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals.
Which of the statements given above is/are correct?
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