N. S. Toor Solutions for Chapter: Current Banking Trends, Exercise 2: CURRENT BANKING TRENDS - OBJECTIVE TYPE QUESTIONS

Equity investment by a bank in a subsidiary company or a financial services company, not being a subsidiary, individually, cannot 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, as per RBI guidelines.

No bank can hold more than _____ per cent in the equity of a deposit taking NBFC, as per RBI guidelines.

The aggregate equity investments made in all subsidiaries and other entities engaged in financial services and non-financial services including overseas investments shall not exceed _____ per cent of the bank's paid-up share capital and reserves, as per RBI guidelines.

Banks can offer referral services for financial products other than _____, on a non-risk participation basis, as per RBI guidelines.

If a private universal bank is to be opened by Individuals/professionals who are 'residents', they should have _____ years of experience in banking and finance at a senior level.

No bank can hold more than _____ percent of the paid-up capital of a company, not being its subsidiary engaged in non-financial services or 10 percent of the bank's paid-up capital and reserve, whichever is lower, as per RBI guidelines.

A new private universal bank is required to open at least _____ of its branches in unbanked rural centres (population up to 9999 as per the latest census).

For a private universal bank, the initial minimum paid-up voting equity capital for a bank shall be: