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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 The MCLR system superseded the previous base rate mechanism in determining commercial bank lending rates.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.
When a person sold an article, his profit% is 65% of the selling price. If the cost price is increased by 80% and the selling price remains the same, th...
Two items, ‘X’ and ‘Y’, were each sold for Rs. 2500. Item ‘X’ was sold at a 20% loss, while Item ‘Y’ was sold at a 25% profit. If the av...
The profit made by selling an item for Rs. 1740 is double the loss incurred when it is sold for Rs. 1305. At what price should th...
A fruit seller buys oranges at the rate of 12 for ₹60 and sells them at the rate of 8 for ₹48. Find his percentage profit.
One article is sold at 15% profit while other is sold at 5% loss such that the difference between their selling prices is Rs. 130. If the cost price of ...
Armaan sold an item for Rs. 600. If he had sold it for Rs. 120 more, he would have earned a profit of 25%. Determine the profit/loss percentage incurred...
58 notebooks have been purchased at the rate of 1 Rs. How many notebooks should be sold at the rate of Rs 1 to earn 45% profit?
The shopkeeper sold the earrings at the profit of 25% and the cost price of earrings is Rs.1500. He earns x% profit on bracelet costing Rs.1250. If the ...
A dishonest fruit seller sells fruits at 8 % loss. If he uses 860gm weight in place of 1kg weight, then what is his profit percent?
An automobile agency launched a scheme that if a customer purchased two Jabas Discover bikes, one extra Jabas Discover will be free and if he purchases ...
