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Start learning 50% faster. Sign in nowPrivate 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 the RBI guidelines on customer identification, which of the following transaction scenarios mandates customer due diligence (CDD) fo...
Contingent liabilities are recorded in:
Cost or expenses must be recorded at the same time as the revenue to which they correspond is specified by which principle?
__________ refers to the attitude that includes a questioning mind and a critical assessment of audit evidence.
According to Union Budget 2023-24, consider the following statements regarding the Marine sector:
1. Marine products recorded the highest expo...
For an enterprise with investment in plant and machinery or equipment of Rs.9 crore and turnover of Rs.40 crore will be classified as _______ , as per M...
A matured term deposit is to be shown under which of the following?
Which of the following is not considered a major financial center in the Asia-Pacific region?
Which of the following statement related to Buy back of shares is incorrect?
Which of the following is not one of the ‘S’ in the 5 S technique used for controlling waste?