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 The MCLR system superseded the previous base rate mechanism in determining commercial bank lending rates.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.
Which of the following entity gives guarantee to MSMEs for loan under the emergency credit line guarantee scheme (ECLGS)?
The approximate percentage change in a bond’s price for a 1% change in yield to maturity is given by:
A firm raises 1000000 by issuing common equity, which of the following financial statements will reflect the transactions?
Assuming no change in other variables, which of the following would decrease Return on Assets?
As the number of stocks in a portfolio increases, the portfolio’s systematic risk:
The RBI uses the PCA framework to keep track of banks with poor financial performance, this framework was introduced in:
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to ………………â€...
What is the maximum amount of deposits that can be accepted by Payment Banks?
The price of the Sovereign Gold Bond is fixed in Indian rupees is based on simple average of closing price of 999 purity gold of how many days?
A company fails to accrue wages for march that will be paid in April. The company’s year-end balance sheet liabilities:
