Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat and is the the first to offer these products in GIFT City. The loan against deposits facility is similar to a loan in foreign currency against a deposit in India and includes non-resident external fixed deposits in rupees. Clients may avail of the facility for short-term cash requirements without premature closure of term deposits which entails penalties. Up to 95 per cent of the deposit value can be availed of using this loan and customers can borrow for flexible tenures at fixed or floating interest rates.
According to Union Budget 2023-24, consider the following statements regarding Electronics sectors:
1. Mobile phone produ...
IRDAI is the regulator for insurance sector in India. It’s board consists of 10 members including a chairperson, five whole time members and four par...
A new health insurance plan launched by the insurance market dominant LIC of India naming ________.
Reserve Bank of India has announced that NaBFID will be regulated and supervised by it as an AIFI under the Sections 45L and 45N of RBI Act, 1934. What ...
To enhance the customer experience through integrated services on its digital platform the public sector bank Indian bank has launched a bouquet of digi...
Which of the following NBFCs will be appointing the internal Ombudsman as per the recent guidelines of RBI?
Which bank opened a new branch in Lakshadweep, becoming the only private sector bank with a presence in this Union Territory?
Sangeeta Singh succeeded whom as the chairman of Central Board of Direct Taxes (CBDT),?
Which of the following statements about IPOs is/are correct?
It provides a company access to funds through the public capital market.
...If the INR is quoted as 1 USD = Rs.76, it is called a _________
