Question
For low-risk accounts, after how many years must banks
update KYC details?Solution
RBI mandates periodic KYC updates: 2 years for high-risk, 8 years for medium-risk, and 10 years for low-risk accounts.
In the context of Letters of Credit, which of the following banks guarantees payment to the seller after verifying documents and fulfilling the terms of...
Considering the challenges faced by MSMEs in maintaining consistent financial reporting standards, which of the following changes in the Income Tax Act ...
Which institution completed 25 years of providing credit support to MSEs and was honored with a commemorative stamp in 2025?
What should be the method of valuation for advances against financial securities like shares/debentures/bonds?
To enhance the customer experience through integrated services on its digital platform the public sector bank Indian bank has launched a bouquet of digi...
Which role is the manager playing when he communicates within and outside the organization to maintain healthy relationship both within and outside the ...
Consider the following Statements and choose the option with Correct Statements.
I- The Remission of Duties and Taxes on Exported Products (Ro...
Which company launched the world’s first rocket with a singlepiece 3Dprinted engine?
Which of the following does not affect Earnings Per Share (EPS) directly?
According to the Economic Survey 2024‑25, the cumulative policy repo rate hike between May 2023 and February 2024 was 0 basis points (i.e., no increa...
