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What is the minimum Capital requirement of a bank according to the Banking Regulation Act |
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Answer» tion:25,000 in respect of each place of business ELSEWHERE in the State. No such BANKING COMPANY shall be required to have paid-up CAPITAL and reserves exceeding Rs. 5 lakhs and no such banking company which has only one place of business shall be required to have paid-up capital and reserves exceeding Rs. 50,000. |
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