Multiple choice

What is the maximum extent up to which a single shareholder can exercise voting rights u/s 12(2) of Banking Regulation Act?

  1. 10%

  2. 15%

  3. 12.5%

  4. 26%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Correct Answer: 26% As per Section 12 (2) of the Banking Regulation Act, 1949, any shareholder’s voting rights in private sector banks are capped at 10 per cent. This limit can be raised to 26 per cent in a phased manner by the RBI.

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