Question
As per the Large exposure framework, banks can have a
maximum exposure up to _____ of eligible capital of bank, to a single borrower.Solution
· In order to foster a convergence among widely divergent national regulations on dealing with large exposures, the Basel Committee on Banking Supervision (BCBS) issued the Standards on ‘Supervisory framework for measuring and controlling large exposures’ in April 2014 . · RBI has decided to suitably adopt these standards for banks in India effective April 01, 2019 as follows Exposure
Concentration Limit Single Counterparty · The sum of all the exposure values of a bank must not be higher than 20% of the bank’s available eligible capital base at all times. · In exceptional cases , Board of banks may allow an additional 5% exposure of the bank’s available eligible capital base, through Board approved policy. Groups of Connected Counterparties The sum of all the exposure values of a bank must not be higher than 25 % of the bank’s available eligible capital base at all times.
Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later is known as?
Surf Excel, which is a 110+ year-old global brand, is a subsidiary of which company?
Life Insurance Corporation of India provides its policy holders the facility to deposit premium at which of the following intervals?
Selling insurance through groups is called?
Percentage of each premium rupee that goes to insurers expenses including overhead, marketing and commissions is called ____.
The Insurance Ombudsman was established to:
The “Malhotra Committee” was established to:
As we know, the Government is paying much attention to “Micro Finance” these days. Which of the following is one of the examples of Micro Finance?
In case of an individual, the proposed shareholding in the paid up equity capital of the insurance company is capped at _____________ percent
The Headquarters of the UNESCO is at ______
