Question
Recently, which ministry has allowed HDFC Bank, Axis
Bank and ICICI Bank to provide financial services in overseas procurement?Solution
- These private banks will provide Letter of Credit and direct bank transfer business for overseas procurement by the defence ministry. These banks may be allocated with LC business of Rs 2,000 crore, each on the capital and revenue side, for one year on concurrent basis (Rs 666 crore for each bank under both capital, as well as revenue).
- Until now, only authorised public sector banks were allowed to provide these services to the defence ministry.
What is the basic difference between Gross NPA and Net NPA?
I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loan...
Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...
Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple ...
Which of the following statements about Prompt Corrective Action is/are True?
I-Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Prompt Corrective Action F...
Who among the following is not one of the eligible beneficiaries of PMUY?
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
