Question
Banks are required to use External Benchmark lending
rate for which of the following types of the loans:Solution
All new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans extended by banks to Micro and Small Enterprises from October 01, 2019 and floating rate loans to Medium Enterprises from April 01, 2020 shall be benchmarked to one of the following: - Reserve Bank of India policy repo rate - Government of India 3-Months Treasury Bill yield published by the Financial Benchmarks India Private Ltd (FBIL) - Government of India 6-Months Treasury Bill yield published by the FBIL - Any other benchmark market interest rate published by the FBIL. Â Banks are free to offer such external benchmark linked loans to other types of borrowers as well.
If tax rate changes, which of these statements is true for deferred tax?
A customer purchases a general insurance policy covering fire and burglary. The insurer charges a premium of ₹50,000 for the annual coverage. As per p...
A solvency margin breach is cured via capital infusion after reporting date but before approval. How to report?
When preparing a projected balance sheet for year (n + 1), which of the following data is NOT essential?
If the shareholder has purchased a share when the market price is Rs.50 and sold after a year to Mr. B at 55 and he has received the dividend of Rs.10, ...
ERP systems help in integrating information flow across:
The National Trade Portal (NTP) for issuance of bills and trade documentation was designed to facilitate:
The parties to a promissory note are:
The Quick Ratio (or Acid-Test Ratio) is a more stringent measure of liquidity than the Current Ratio because it:
What duties are taxes on intra-State supplies?
