CAIIB · BRBL

Public Sector Bank, Private Sector Bank and Cooperative Bank

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Banking Regulations and Business Laws — CAIIB.

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What is the minimum paid-up capital required for a new private sector bank in India as per RBI guidelines?

RBI guidelines require a minimum paid-up capital of Rs. 500 crore for new private sector banks, which must be maintained on an ongoing basis.

Which Act governs the nationalisation of banks in India?

Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

Under which Act are public sector banks in India primarily governed?

Public sector banks are primarily governed by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980, along with the Banking Regulation Act, 1949.

How many banks were nationalised in the first wave of bank nationalisation in 1969?

14 major commercial banks were nationalised

What is the minimum government shareholding required in a nationalised bank?

The government must hold a minimum of 51% of the paid-up capital in nationalised (public sector) banks at all times, as mandated by the Nationalisation Acts.

How many additional banks were nationalised in the second wave in 1980?

6 more banks were nationalised in 1980

Which regulatory authority supervises cooperative banks in India at the central level?

Cooperative banks are dually regulated — the Reserve Bank of India regulates their banking functions under the Banking Regulation Act, while the respective State government or NABARD oversees cooperative aspects.

Under which Act is the State Bank of India constituted?

State Bank of India Act, 1955

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