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RBI has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it. The six-member committee headed by former RBI deputy governor B P Kanungo has been asked to submit a report within three months from the date of its first meeting. It will also review the emerging and evolving needs of the customer service landscape, especially in the context of evolving digital/ electronic financial products and distribution landscape and suggest suitable regulatory measures. Other members of the panel are: A K Goel (Chairman IBA and MD & CEO, PNB), A S Ramasastri (former Director, IDRBT), Amitha Sehgal (Hon. Secretary, AIBDA), Rajeshri N Varhadi (Professor, University of Mumbai), and Anil Kumar Sharma (Executive Director, RBI).
Yeshudas borrowed a certain amount from a Bank at an interest rate of 2.5% p.a. and after 4 years , he repaid a total amount of 46,200 to the Bank. How ...
A certain amount will become six times in 20 years. How long does it take for the same amount to become 5 times? Assume the same rate of simple interest...
Rahul deposits a sum of money at an annual compound interest rate of 15%. After 1 year, the interest accumulated amounts to Rs. 180. If he increases his...
A woman lent Rs. 29500 at 13% p.a. compound interest, compounded annually for two years. After two years, the total amount earned by the woman is again ...
A certain sum when invested for 3 years in a scheme offering simple interest of 20% p.a. gives an interest of Rs. 1470. What is 130% of the sum invested?
Determine the value of 'K' if an investment of Rs. 30,000, made under a simple interest scheme at an annual rate of 18%, yields an interest amount of Rs...
Out of a total sum of ₹5,000, Danish invested one part at 12% simple interest per annum and the remaining part at 10% simple interest per annum. If th...
Mr. X invested Rs. 900 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 7% per annum an...
A man deposited Rs. 10000 at 10% compound interest, compounded annually while Rs. 8900 at 13% simple interest per annum. What will be the difference bet...