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  • Regional Rural Banks & Local Area Banks
  • Minimum Paid-up Capital of a Local Area Bank is�
Multiple choice

Minimum Paid-up Capital of a Local Area Bank is�

  1. Rs 1 crore

  2. Rs 2 crore

  3. Rs 5 crore

  4. Rs 10 crore

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

The minimum paid-up capital requirement for a Local Area Bank (LAB) in India is set at Rs 5 crore.

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