Question
Who has been appointed to the 'Committee of Advisors' of
Abhyudaya Cooperative Bank by the Reserve Bank of India (RBI)?Solution
The Reserve Bank of India (RBI) appointed Devendra Kumar to the ‘Committee of Advisors’ of Abhyudaya Cooperative Bank following the resignation of Mahendra Chhajed. Chhajed resigned from the Committee effective from March 4, 2024, due to personal reasons. Kumar is the former Chief General Manager of the State Bank of India (SBI).
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The term 'net 50' implies that the customer will make payment:
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