Question
What does first ‘P’ in the security instrument
PNCPS, stand for?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.
Which of the following is called Prepaid Payment Instrument (PPI)?Â
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2. A committee under ...
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