Question
As per the Large exposure framework, banks can have a
maximum exposure up to _____ of eligible capital of bank, to a single borrower.Solution
· In order to foster a convergence among widely divergent national regulations on dealing with large exposures, the Basel Committee on Banking Supervision (BCBS) issued the Standards on ‘Supervisory framework for measuring and controlling large exposures’ in April 2014 . · RBI has decided to suitably adopt these standards for banks in India effective April 01, 2019 as follows Exposure
Concentration Limit Single Counterparty · The sum of all the exposure values of a bank must not be higher than 20% of the bank’s available eligible capital base at all times. · In exceptional cases , Board of banks may allow an additional 5% exposure of the bank’s available eligible capital base, through Board approved policy. Groups of Connected Counterparties The sum of all the exposure values of a bank must not be higher than 25 % of the bank’s available eligible capital base at all times.
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The first motor vehicle insurance policy was issued in the UK in:
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
An independent professional person registered under the Insurance Act who represents the insurance buyer to purchase the insurers policy is known as?
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A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
The 'Insured's Declaration' form typically includes information about:
Which Insurance is a compulsory insurance plan administered by a government agency with the primary emphasis on social adequacy?
