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How much amount is set as minimum net worth for companies/banks for which Reserve Bank of India (RBI) will launch the sandbox as per its final draft ‘enabling framework for regulatory sandbox (RS)’ ?
  • a)
    Rs.40 lakh
  • b)
    Rs.30 lakh
  • c)
    Rs.25 lakh
  • d)
    Rs.20 lakh
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
How much amount is set as minimum net worth for companies/banks for wh...
RBI will launch the sandbox for companies/banks that meet the criteria of the minimum net worth of Rs.25 lakh and the promoter/director of the entity should meet fit and proper framework.
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How much amount is set as minimum net worth for companies/banks for which Reserve Bank of India (RBI) will launch the sandbox as per its final draft ‘enabling framework for regulatory sandbox (RS)’ ?a)Rs.40 lakhb)Rs.30 lakhc)Rs.25 lakhd)Rs.20 lakhe)None of theseCorrect answer is option 'C'. Can you explain this answer?
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