Question
Which of the following points are ‘correct’ with
respect to the amendment on Bank Bonds, Infrastructure Investment Trusts (InvITs)/Real Estate Investment Trust (REITs)? I) The aggregate value of AT1 (Additional Tier) bonds held in a particular bank, at any point of time, should not exceed 10% of the total outstanding AT1 bonds of that particular bank. II) The public holding in the InvITs/REITs should not be less than 30% of total outstanding units of the InvIT/REIT at the time of investment. III) No insurer will invest more than 20% of the outstanding debt instruments in a single InvIT/REIT.Solution
Explanation: The Insurance Regulatory Development Authority of India (IRDAI) has amended its master circular on investments, and allowed insurers to buy more perpetual bonds issued by banks and permitted them to participate in the public listing of high-yielding InvITs (Infrastructure Investment Trusts). i. The aggregate value of AT1 (additional tier one) bonds held in a particular bank, at any point of time, should not exceed 10% of the total outstanding AT1 bonds of that particular bank. ii. The public holding in the InvITs/REITs should not be less than 30% of total outstanding units of the InvIT/REIT (Real Estate Investment Trust) at the time of investment. iii. No insurer will invest more than 20% of the outstanding debt instruments in a single InvIT/REIT. iv. Expenses will be capped at 30% of gross premium in general and health insurance. In life insurance, it will vary between 0.01% and 80%.
In the questions given below, a sentence has been broken down into four fragments labelled (A), (B), (C), and (D) and arranged, not necessarily in the ...
Five statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent paragraph/passage....
Which of the following is the third sentence of the passage?
In the following questions, the first and the last parts of the sentence are numbered 1 and 6. The rest of the sentence is split into four parts named,...
Given below are four jumbled sentences. Select the option that gives their correct order. Â
A. Whistling and prancing he moved with a carefree g...
Which of the following will be the FIFTH sentence after rearrangement?
In the following questions, the first and the last parts of the sentence are numbered 1 and 6. The rest of the sentence is split into four parts named,...
Directions: Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent par...
In the following question, the 1st and the last sentences of the passage are numbered 1 and 6. The rest of the passage is split into four parts and na...
Rearrange the parts of the sentence in correct order.
P: It is also when the community or religion is used to further the political interests of ...
Relevant for Exams:
