Multiple choice

According to the latest amendment in Banking Regulation Act, nationalised bank can release a share of total paid up capital upto a maximum ceiling of

  1. 40%

  2. 49%

  3. 51%

  4. 100%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to amendments in the Banking Regulation Act, nationalized banks can release up to 49% of their total paid-up capital to private investors, maintaining government control while allowing private sector participation.