The Reserve Bank of India (RBI) has reduced the minimum net worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) from Rs 100 crore to?
Answer with explanationAnswer: Option C
Non-banking companies now need ₹25 crores minimum net worth to set up Bharat Bill Payment Operating Units (BBPOU), the Reserve Bank of India (RBI) informed on May 26. The minimum net-worth criterion for non-bank firms has been lowered from the earlier minimum net worth requirement of ₹100 crore
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