Question
What is the Loan-to-Value (LTV) ratio for loans against
equity shares and equity mutual funds (in dematerialized form) for Scheduled Commercial Banks (SCBs)?Solution
Scheduled commercial banks can lend against the security of equity shares and equity mutual funds (in dematerialized form) to the extent of Rs.20 lakh with max LTV of 75%.  The regulations related to lending by banks, against various securities are:  
If a sum of money doubles in 5 years at simple interest, what is the rate of interest per annum?
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