Multiple choice

If a foreign bank wants to establish its subsidiary unit in India, what should be the minimum paid up capital of that subsidiary?

  1. Rs. 100 crore

  2. Rs. 200 crore

  3. Rs. 300 crore

  4. Rs. 500 crore

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

The Reserve Bank of India (RBI) mandates that foreign banks establishing a wholly owned subsidiary in India must have a minimum paid up capital of Rs. 300 crore.