Question
What is the minimum net owned fund requirement from NBFC
to be eligible to issue credit cards?Solution
Scheduled Commercial Banks (SCBs) other than Regional Rural Banks (RRBs) with net worth of ₹100 crore and above are permitted to undertake credit card business either independently or in tie-up arrangement with other card issuing banks/NBFCs with the approval of their Boards. SCBs (excluding Small Finance Banks and Regional Rural Banks) desirous of setting up separate subsidiaries for undertaking credit card business shall require prior approval of the Reserve Bank.
The Government of India has extended the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme beyond March, 2022 and added 3rd loan up to ______...
Which of the following statement related to Buy back of shares is incorrect?
In risk management (Basel framework) advanced internal ratings-based (A-IRB) approach is used for measurement of?
Which of the following best explains the primary objective of lean manufacturing?
According to the Union Budget 2023-24, consider the following statements.Â
1. Government will recruit 38,800 teachers and support staff for the ...
Which ethical problem in business involves the misuse of power and influence for personal gain?
All the following items are classified as fundamental accounting assumptions except?
An agreement to buy/sell a financial instrument at a fixed future date, that is sold over an exchange, is a/an ________
Which organization has launched the "Red List of Mangrove Ecosystems"?
How often should the interest rate under the external benchmark be reset?
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