Question
As per RBI’s recent directive, up to Rs.
___________ loan, the banks can approve without the board’s approval?Solution
RBI recently said banks without their boards’ approval can sanction personal loans up to Rs 5 crore to directors of other banks. The earlier limit was Rs 25 lakh. Unless sanctioned by the board of directors/ management committee, banks should not grant loans and advances aggregating Rs 5 crore and above to any relative other than spouse and minor/ dependent children of their own Chairmen/ Managing Directors or other directors.
As per Companies Act 2013, a related party transaction (RPT) like sale, purchase or supply of any goods or materials can be undertaken after prior appro...
Consider the following statements regarding Economic survey 2022-23:
1) In FY23, retail inflation was mainly driven by higher food infla...
A manufacturing company experiences frequent fluctuations in production volume due to seasonal demand. Management wants a budgeting system that revises ...
Long-term borrowings are essential for supporting a company's large-scale investments and capital expenditures. These borrowings typically have extended...
What does the capability approach focus on in achieving justice?
Which of the following is a digital lending platform initiated by the Government of India to facilitate MSME loans?
The Recovery of Debts and Bankruptcy Act (RDBA) applies to cases where debt exceeds:
A manufacturing company is considering expanding its production capacity by acquiring new machinery. The company is exploring the option of leasing the ...
Which of the techniques are not known for controlling wastages?
A company manufactures two products, P and Q. The overhead costs and related activity drivers are as follows:
