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What is Bank Minimum Capital India-7 about?

The document outlines the minimum paid-up capital requirements and headquarters for various types of banks in India. Universal and commercial banks require a minimum capital of ₹500 crore, while small finance banks need ₹200 crore, and payments banks require ₹100 crore. Local area banks and regional rural banks have a minimum capital of ₹5 crore, with cooperative banks having variable requirements based on local or state regulations.

Author

rs8677659

Language

EN