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 the latest amendment in Banking Regulation Act, nationalised bank can release a share of total paid up capital upto a maximum ceiling of 49%. It enables the nationalised banks to increase or decrease the authorised capital with approval from the Central Government and the Reserve Bank without being limited by the ceiling of a maximum of three thousand crores of rupees.