Multiple choice

What should be the minimum net worth of a co-operative bank for selling policies of an insurance company?

  1. Rs. 100 crore

  2. Rs. 50 crore

  3. Rs. 20 crore

  4. Rs. 10 crore
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

According to RBI guidelines, urban co-operative banks must maintain a minimum net worth of Rs. 50 crore to be eligible to act as corporate agents for selling insurance policies.

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