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Upper Tier II preference shares must have a minimum maturity of:

A40 years
B10 years
C20 years
D30 years
Answer & Solution
Correct answer: B. 10 years
1. They may be perpetual or dated instruments. 2. A dated one still needs a long life to count. 3. The minimum maturity is 10 years. _Source: RBI Master Circular, Prudential Norms on Capital Adequacy, Primary (Urban) Co-operative Banks_
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