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.
Select the alphanumeric term that will come next in the following series.
B7K, KB7, _______
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be true...
Which among the following is true for the given numbers?
Exam of each of P, Q, R, S, T, U and V is on a different day of a week starting from Monday and ending on Sunday. P's exam is on Tuesday. Q's exam is on...
Find the missing code letter from the following response:
SCD, TEF, UGH, ________, WKL
Two statements are given follow by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with c...
If in a certain code language 'INTERCITY' is written as 'IXRMTUPEY', then how will 'MACARONIC' be coded in that language?
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
 If the HCF of two numbers is 55 and the LCM is 110, then what are the two numbers?
