Question
Small Finance Banks’ (SFB) major goal is to promote
and provide banking services to the underbanked and underprivileged segments of society, the property sector is expected to get how much percentage of SFB’s Adjusted Net bank credit?Solution
Small Finance Banks’ major goal is to promote and provide banking services to the underbanked and underprivileged segments of society, such as the poor and working-class, as well as small laborers and farmers. The priority sector is expected to get 75% of the Small Finance Banks’ Adjusted Net Bank Credit.
Which of the following statements regarding an auditor's responsibilities is FALSE?
For calculation of House Rent Allowance under Section 10(13A), the salary is to be considered the following, EXCEPT:
In context of Goods and Service Tax, what does CTP represent?
Investor A holds 42% of voting rights in TargetCo; the remaining shares are widely dispersed with no other holder above 3%. Investor A also has substant...
What is the composite loan limit that can be sanctioned by banks to MSE entrepreneurs under a single window for both working capital and term loan needs?
A company begins construction of a qualifying asset funded partly from general borrowings. Work was suspended for 5 months due to a strike. Should borro...
Voucher relates to _________.
Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?
Salary or wages under bonus act includes:
Great Insurance Co. Ltd. on 31.12.2022 had reserve for unexpired risk of 5 crores in respect of miscellaneous business. During 2023, the premium collect...