Home › SBI PO › Banking Awareness › Payment Systems › Which item is excluded from net-worth for author…
Which item is excluded from net-worth for authorisation?
ARedemption reserve
BRepayment reserve
CRetention reserve
DRevaluation reserve
Answer & Solution
Correct answer: D. Revaluation reserve
1. Capital reserves from sale of assets do count.
2. One kind of reserve is expressly left out.
3. Reserves created by revaluing assets are excluded.
_Source: RBI Master Directions on Authorisation to operate a Payment System_
Related questions
A takeover or acquisition of control of a non-bank PSO requires RBI's:Applicants can find guidance in the DPSS FAQs and the RBI website's:New entities set up by promoters of a refused or revoked PSO:A cooling period may follow when a CoA is revoked, surrendered, or an application is:While extinguishing liabilities, the PSO reports progress to RBI:The public notice of closure must appear in English, Hindi and a vernacular language on hoThe Memorandum of Procedure sets out the process and ___ for repaying liabilities.The escrow account statement in a surrender request is certified by the: