RBI has raised the cap on promoter's stake in private banks, to how much percent from the current 15 percent limit, of the paid-up voting equity share capital of the bank?
This questions was previously asked in
SBI PO Mains (30 Jan, 2023)
Explanation:
- The Reserve Bank of India (RBI) recently changed the rules about how much ownership bank promoters can have in private banks.
- Previously, the limit for a promoter's stake was set at 15% of the bank's paid-up voting equity share capital.
- Option 1: 20% - This suggests an increase which is more than the current limit but not the new cap.
- Option 2: 23% - A slight increase compared to option 1, but still not the new cap.
- Option 3: 26% - Correct. RBI has raised the cap to this percentage.
- Option 4: 29% - Provides an even higher limit than the new rule allows.
- Option 5: 25% - Close to the new cap but not exact.
The correct answer is Option 3: 26%
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By: Parvesh Mehta