Question
Which bank has introduced a Dedicated Business Unit
Concept, ‘Resources Acquisition Centre’ (RAC) & its primary objective is to strengthen the Retail Deposit Portfolio, which encompasses Current Deposit, Savings Bank, and Term Deposit accounts?Solution
Indian Bank introduced a Dedicated Business Unit Concept, ‘Resources Acquisition Centre’ (RAC). The primary objective of this new initiative is to strengthen the Retail Deposit Portfolio, which encompasses Current Deposit, Savings Bank, and Term Deposit accounts. The bank will focus on specific customer segments, including HNIs, Government/Institutional Clients, Salaried Class, Corporates, Business community, Traders, and Pensioners.
A sum of Rs.80 is lent to be returned in 90 months installments of Rs.10 each, interest simple. The rate of interest is: -
'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest ...
Rs. (n + 400) invested on simple interest amounts to Rs. 3,200 and Rs. 3,800 in 4 years and 6 years, respectively. Find the value of 'n'.
Ravi shared Rs. (x + 3600) between his two kids, Arjun and Bharat, in the ratio of 5:3. Arjun put his share in a simple interest scheme at 10% p.a. for ...
Find the total amount returned by Manish to the bank at the end of three years, when Rs.24000 is borrowed at the rate of (25/2)% compounded annually?(ca...
A invested Rs. ‘x’ in a scheme offering compound interest of 25% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. ...
"R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then t...
A person invested ₹15,000 in two schemes, Scheme A offering 10% per annum simple interest, and Scheme B offering 12% per annum simple interest. If the...
The difference between compound interest and simple interest at rate of 22% per annum for 2 years is Rs. 484. Find the simple interest obtained on same ...
At what rate percent per annum will Rs. 75,000 yields a compound interest of Rs. 6,120 in 6 months if the interest is being compounded quarterly? Calcul...
