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Opening of Current Accounts for borrowers availing Cash Credit/ Overdraft Facilities from the Banking System For borrowers, where the aggregate exposure of the banking system is less than ₹5 crore, banks can open current accounts without any restrictions, subject to obtaining an undertaking from such customers that they (the borrowers) shall inform the bank(s), if and when the credit facilities availed by them from the banking system becomes ₹5 crore or more. Where the aggregate exposure of the banking system is ₹5 crore or more: Borrowers can open current accounts with any one of the banks with which it has CC/OD facility, provided that the bank has at least 10 percent of the aggregate exposure of the banking system to that borrower. In case none of the lenders has at least 10 percent of the aggregate exposure, the bank having the highest exposure among CC/OD providing banks may open current accounts.
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Niharika saves 25% of her salary in National Savings Certificate and spend 80% of the remaining amount on household items. If the cash in hand is Rs....
A person spent 10% of his monthly income on food and 50% of the remaining on rent. If amount spent on rent is Rs 1350, then find the amount spent...
Monthly savings of X is 58% of his monthly income which is Rs. 5000. If ratio of monthly expenditure of Y and X is 15:8 respectively and monthly savings...
P spends 22% of his salary on transportation, 30% on food, 15% on children’s education and 25% on medical. He deposits the remaining amount of Rs....
In a train, 40% of the passengers are females. Out of total number of passengers, 60% have unreserved tickets out of which 20% are females. How much per...
Monthly income of A is Rs. 3500 and he saves 42% of his monthly income. If monthly expenditure of A is decreased by 35% while his monthly savings is inc...
A man spends 20% and 12% of his monthly salary on rent and transportation, respectively. Out of the remaining money, he spends 30% on food and 45% on en...
