๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      What does first โ€˜Pโ€™ in the security instrument

      PNCPS, stand for?
      A Participative Correct Answer Incorrect Answer
      B Perpetual Correct Answer Incorrect Answer
      C Preference Correct Answer Incorrect Answer
      D Priority Correct Answer Incorrect Answer
      E Profitable Correct Answer Incorrect Answer

      Solution

      Perpetual Non-Cumulative Preference Shares ( PNCPS ) are a type of preference shares which do not have a redemption date and also do not have a cumulative clause for the dividend. These are treated as part of Tier I capital, as per RBI, for the calculation of capital adequacy of the bank.

      Practice Next

      Relevant for Exams:

      ask-question