Question
The 'MCLR' (Marginal Cost of Funds based Lending Rate)
system replaced the earlier 'Base Rate' system. What is a key component in calculating MCLR?Solution
MCLR is calculated based on: 1) Marginal Cost of Funds (including repo rate and deposit costs), 2) Negative Carry on CRR, 3) Operating Costs, and 4) Tenure Premium. Hence, all options are correct components.
As per the Nayak committee, what percentage of its annual projected turnover should a n MSME get as working capital from a bank?
In banking, IRAC stands for:
A bank’s Profit before appropriations = ₹20 crore. Statutory reserve requirement is 25%. The bank also transfers ₹2 crore to Investment Fluctuatio...
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...The ‘CAMELS’ approach is a risk assessment method. What does C stand for in CAMELS?Â
The digital payment system UPI, has been developed by which of the following institutions? Â
"CASA" ratio in banking stands for:
An account is classified as "Doubtful Asset" (for more than 3 years) if it has remained in the NPA category for:
Which of the following is not allowed in small accounts?
What is the threshold aggregate annual credit limit for deposit accounts opened using Aadhaar OTP-based e-KYC?
