In a currency derivative segment an applicant desires to act as a clearing member shall have a minimum net worth of ----------
a)5 cor
b)1 cor
c) 7 cor
d) 10 cor
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Replies (4)
d) 10 crores
Clearing member should have a balance sheet networth requirement of Rs 10 Crores
Trading member should have 1 crore
Banks should have a minimum networth of Rs 500 Crore
10 cr
10 crores
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