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Principles and Practices of Banking - 4 (JAIIB)

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Multiple Choice

U/s 35-A of the Banking Regulation Act, a banking company, before allowing transfer of shares, is required to obtain RBIs acknowledgment if such transfer results in holding more than _____ of the paid-up capital of the bank.

  1. 2%
  2. 5%
  3. 7.5%
  4. 10%
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