Discussion
Any shareholder’s voting rights in Payments bank are capped at 10 per cent. This limit can be raised to ___ %
Answer: C
Correct answer: 26%
Voting rights are capped at 10 per cent of total voting rights, and the Reserve Bank may raise the cap to 26 per cent. The restriction limits the influence any one shareholder can exercise regardless of the size of the holding, and it applies to banks generally rather than to payments banks alone.
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