Start learning 50% faster. Sign in now
Typically outsourced financial services include applications processing (loan origination, credit card), document processing, marketing and research, supervision of loans, data processing and back office related activities, besides others. NBFCs which choose to outsource financial services shall, however, not outsource core management functions including Internal Audit, Strategic and Compliance functions and decision-making functions such as determining compliance with KYC norms for opening deposit accounts, according sanction for loans (including retail loans) and management of investment portfolio .
A and B started a business by investing sum in the ratio 3:4 respectively for 8 and 10 months respectively. If annual profit earned by B is Rs.1200, the...
Amit and Bittu entered into a business with initial investment of Rs 420 and Rs 360 individually. After 5 months, Amit add on 180 more while Bittu withd...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:3:9, respectively. At end of the year, if the difference be...
M and N started a business by investing Rs.4500 and Rs.5600 respectively. After 5 months, M and N increased their investments by 40% and Rs.1500 respect...
Amit and Ben started a partnership by investing Rs.3600 and Rs.4500, respectively. Amit's investment period is 'x' months, while Ben's investment period...
A started a business with an investment of Rs.1000. After some months, B joins the business with an investment of Rs.2000 and after three more months C ...
'A' and 'C' started a business by investing Rs. 11,000 and Rs. 13,000, respectively. Seven months later, they invited 'B' to join the business who inves...
A and B enter into a partnership with their initial sum of Rs.35000 and Rs.45000 respectively. After 6 months, a third person C also joins them with his...
A invested Rs. 2X in a business. After four months B Joined him with Rs. 3X and A tripled his investment. If at the end of the years total profit...
Three partners, A, B, and C, invest Rs 12,000, Rs 15,000, and Rs 18,000 respectively in a business. After one year, the total profit generated is Rs 22,...