Question
What is the maximum award that can be imposed by the
NBFC Ombudsman in India, as decided by the RBI?Solution
The RBI has recently launched the Ombudsman Scheme for the NBFCs operating in India, under the Section 45L of the RBI Act 1934. The maximum award that can be passed by such an ombudsman will be Rs 10 lakhs whereas an appeal can be filed against the award within 30 days with a deputy governor of the RBI. There is no fee involved in filing a complaint with the NBFC Ombudsman.
Under the definition of MSMEs in India, what is the maximum turnover allowed for a medium enterprise?
What is common between wall street in new york and Datal Street in Mumbai ?
When was the Samadhaan Portal introduced for monitoring outstanding dues to MSEs?
What is the Loan-to-Value (LTV) ratio for loans against gold, given by Scheduled Commercial Banks (SCBs)?
If the rate of inflation is very slow, it is known as which among the following?
In terms of banking capital reserve, Tier II's capital loss absorption capacity is____ that of Tier I capital.
In a capital market, which is efficient informationally:
The object of the issue using a prospectus can be varied provided it is pre-approved as per _________ of the Companies Act 2013.
Capital gearing ratio is a fraction of:
How much equity infusion has been allocated through the Self-Reliant India Fund?
