Question
Regarding RTGS (Real Time Gross Settlement), what
happens if a 'Customer Payment' (R-41) is not credited to the beneficiary's account within the stipulated time of 30 minutes?Solution
As per RBI guidelines, if a bank fails to credit the beneficiary's account or return the money to the remitter within 30 minutes, it must pay compensation at the current Repo Rate + 2% to the affected customer.
Under the PM Jan Dhan Yojana (PMJDY), what is the maximum overdraft limit available to eligible account holders?
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Under the prompt corrective action (PCA) framework, which of the following parameters is NOT monitored by the RBI?
In credit monitoring, what does 'SMA-2' classification imply regarding a loan account?
Regarding RTGS (Real Time Gross Settlement), what happens if a 'Customer Payment' (R-41) is not credited to the beneficiary's account within the stipula...
What is essential for avoiding penalties and maintaining trust with stakeholders?
Which maintenance approach involves intentionally allowing equipment to run until it fails?
As per RBI guidelines, 'High Risk' customers must have their KYC updated at least once every:
In the context of maintenance, what is Reactive Maintenance?
Credit Risk is defined as the risk of loss resulting from:
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