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.
The Headcount Ratio (percentage of people below poverty line) falls, but the Poverty Gap Index rises. This situation indicates:Â
What is a key feature of Microsoft Excel for data analysis?
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The process of identifying and tracking high-potential employees who will be able to fill top management positions when they become vacant is known as
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Given that the money discount rate is 19% and Inflation is 12%, what will be the real rate of interest?
