Question
Under the Periodic KYC Updation protocol, what is the
minimum requirement for advance intimations before the due date?Solution
Explanation: Banks and regulated entities must send at least three advance notices reminding customers of KYC updation . Importantly, one of these has to be in the form of a physical letter , ensuring communication reaches customers even if digital modes are inaccessible. Â
RBI recently reduced the risk weightage on home loans above Rs 75 lakh from 75% to
KYC guidelines followed by the Banks have been framed on the recommendations of the ______
The IFSC is an/a _______ digit alphanumeric code.
Which of the following is true about the discounting of bill of banks?
I. Banks provide short-term finance by discounting bills, by making paymen...
Which of the following is true about role of Banks?
I. It facilitates import export transactions.
II. It helps in national developmen...
A train running with a speed of 108 km/hr can cross a pole in 22 seconds and a platform in 25 seconds. Find the length of the platform.
The Maximum time period of the Recurring Deposit is
What is a stale cheque?
Who among the following is the 2017 Sahitya Akademi Award winner in Hindi Language?
Which of the following organizations associated with investigations in an act of Money laundering ?