Question
In the context of the Reserve Bank of India’s
initiatives, what does CRILC stand for?Solution
The Central Repository of Information on Large Credits (CRILC) was established by the Reserve Bank of India in 2014 to improve transparency in the credit system. Its main objectives are: • To collect, store, and disseminate credit-related data on large borrowers. • Banks and financial institutions must report details of borrowers having aggregate fund-based and non-fund-based exposures of ₹5 crore (₹50 million) and above. • Banks also need to report the Special Mention Account (SMA) status of such borrowers to CRILC. This system helps RBI in monitoring large exposures and mitigating risks of financial instability.
What is meant by customer lifetime value? Â
The Public Sector Insurance companies in India include:
Which of the following are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies?
 In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Which of the following is NOT a factor considered in a "burning cost" analysis?
An adjustable life insurance under which premiums and coverage are adjustable, company’s expenses are not specifically disclosed to the insured but a ...
Coverage against loss through stealing by individuals not in a position of trust is called?
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underw...
The Life Insurance Business is defined in which section of the Insurance Act, 1938?
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