Question
Which of the following is a restriction regarding
investments made by banks in securities/instruments issued by NBFCs?Solution
Banks should not invest in Zero Coupon Bonds (ZCBs) issued by NBFCs unless the issuer NBFC builds up sinking fund for all accrued interest and keeps it invested in liquid investments / securities (Government bonds). Banks are permitted to also invest in Non-Convertible Debentures (NCDs) with original or initial maturity up to one year issued by NBFCs. However, while investing in such instruments banks should be guided by the extant prudential guidelines in force, ensure that the issuer has disclosed the purpose for which the NCDs are being issued in the disclosure document and such purposes are eligible for bank finance.
Which Article of the Constitution of India states that the Prime Minister is appointed by the President of India?
As per the World Bank report, what was India’s rank in the Global GDP for the year 2018?
A nominated member of a House shall be disqualified for being a member of the House if he joins any political party after the expiry of __________from t...
As per the Global Multidimensional Poverty Index 2021, the Scheduled Tribe group of India accounts for ________ of the population of the 129 million peo...
The period of 1600 to 1700 in the history is known as_______?
 The Temple at Khajuraho were built during which dynasty?
Which of the following is NOT an alkaline earth metal?
The Credit Guarantee Scheme for Subordinate Debt (CGSSD) scheme which was only valid till 31st March 2021 has now extended for_____?
What is the maximum age limit for Arogya Sanjevni policy?
In which year was the 86th Constitutional amendment (adding 11th fundamental duty) enacted?
