The MCLR (Marginal Cost of Funds based Lending Rate) is the minimum lending rate below which a bank is not allowed to lend. The MCLR system superseded the previous base rate mechanism in determining commercial bank lending rates. The MCLR system uses marginal cost of funds, tenor premium, operating costs and cost of carry in CRR to determine the lending rate. The Reserve Bank has imposed a penalty of Rs 27.5 lakh on Punjab & Sind Bank for non-compliance with certain directions issued by it on external benchmark-based lending. A statutory examination of Punjab & Sind Bank revealed non-compliance with the directions, inter-alia, to the extent the bank linked certain floating rate retail loans and floating rate loans to micro and small enterprises, extended by it after October 1, 2019, to MCLR instead of an external benchmark.
Any rupee note, which has a political slogan is not a legal tender as per.
Current Repo rate is ________.
The other name for SWIFT code is
Where are the headquarters of the Reserve Bank of India?
Which of the following are not the Money market instruments?
What is the name of the solar probe that NASA is going to launch in 2018 to explore the sun’s outer atmosphere?
Which of the following is true about role of Banks?
I. It facilitates import export transactions.
II. It helps in national development by ...
IMPS-MMID is a ________ digit numeric code.
eVIN stands for?
Which of the following is not a debt security?
