Multiple choice

What is the minimum initial capital required to set up a bank in private sector in India?

  1. Rs 100 crore

  2. Rs 200 crore

  3. Rs 300 crore

  4. Rs 500 crore

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

According to RBI guidelines for new private sector banks, the minimum initial capital requirement was set at Rs 200 crore (though this has been revised higher in later years, 200 crore was the standard for a long period).