Question 12 of 75Indian Economy
With reference to the rule/rules imposed by the Reserve Bank of India while treating foreign banks, consider the following statements: 1. There is no minimum capital requirement for wholly owned banking subsidiaries in India. 2. For wholly owned banking subsidiaries in India, at least 50% of the board members should be Indian nationals. Which of the statements given above is/are correct?
A1 only
B2 only
CBoth 1 and 2
DNeither 1 nor 2
Correct Answer
The correct answer is hidden
Explanation
25 words hidden ... framework includes board composition requirements, including representation by Indian nationals. Such rules are ... 22 words hidden