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According to RBI guidelines, a non-banking entity seeking authorisation as ‘Bharat Bill Payment Operating Unit (BBPOU) under the proposed Bharat Bill Payment System (BBPS) should have a minimum net worth of at least _______________
Rs. 500 lakh crores
Rs. 400 lakh crores
Rs. 300 lakh crores
Rs. 200 lakh crores
Rs. 100 lakh crores
Alright, let’s break it down:
- The RBI has clear rules for non-banking entities wanting to act as a Bharat Bill Payment Operating Unit (BBPOU) under BBPS.
- The actual requirement is a minimum net worth of ?100 crore—not 100 lakh crore, just ?100 crore.
- None of the options (Rs. 500 lakh crores, 400 lakh crores, 300 lakh crores, 200 lakh crores, 100 lakh crores) are correct.
- “Lakh crores” is an enormous amount (1 lakh crore is 1 trillion!), way beyond what regulators actually demand.
- For context: ?100 crore = ?1,000,000,000, which is the actual RBI stipulation.
Here’s the answer:
- None of the options are correct. The correct figure is Rs. 100 crore (not Rs. 100 lakh crores).
By: Parvesh Mehta ProfileResourcesReport error
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