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

      The RBI revised its instructions on Bulk Deposits for

      Urban Co-operative Banks (UCBs) in January 2024. Under this revision, what is the minimum amount considered a "Bulk Deposit" for Tier 3 and 4 Scheduled UCBs?
      A โ‚น10 lakh Correct Answer Incorrect Answer
      B โ‚น15 lakh Correct Answer Incorrect Answer
      C โ‚น1 crore Correct Answer Incorrect Answer
      D โ‚น50 lakh Correct Answer Incorrect Answer
      E โ‚น5 crore Correct Answer Incorrect Answer

      Solution

      As per the circular titled "Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)," RBI revised the minimum amount of bulk deposits for Tier 3 and 4 UCBs to โ‚น1 crore from โ‚น15 lakh for other UCBs.

      Practice Next
      ask-question