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UCB gold loan: RBI doubles limit to Rs 4 lakh- o The Reserve Bank of India (RBI) has announced an increase in the monetary ceiling of gold loans that can be granted under the bullet repayment scheme from Rs 2 lakh to Rs 4 lakh for urban co-operative banks (UCB) who have met the overall PSL target and sub-targets as of March 31. NBFCs in middle, base layer can offset risks- o The Reserve Bank of India has allowed non-banking financial companies (NBFCs) in the middle and base layer to offset their exposures with eligible credit risk transfer instruments. Earlier, only NBFCs in the upper layer were allowed to make such offsets. CoF tokenisation facility at issuer bank level – o The Reserve Bank of India has proposed to introduce card-on-file (CoF) token creation facilities directly at the issuer bank level. At present, CoF tokens can only be created through merchant’s applications or on their web page. The measure will enhance convenience for cardholders.
A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2400 after 4 years. If the same amount is investe...
Rs. 25,000 invested at simple interest of 6% p.a. yields the same interest after 2 years as Rs. 40,000 when invested at simple interest of 'y%' p.a. yie...
A certain sum when invested for 3 years in a scheme offering simple interest of 10% p.a. gives an interest of Rs. 756. What is 130% of the sum invested?
If the difference between the simple interest and compound interest, compounded annually, received on a principal amount of Rs. 25000 at an interest rat...
Mr. Karan invested his funds in 3 different projects 'P', 'Q', and 'R' in the ratio 7:6:5, respectively. The rates of interest offered by projects 'P', ...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 8 years and that for 10 years?
Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize ...
A sum of Rs. 40,000 is invested in SIP 'E' which offers 8% p.a. simple interest for 6 years. The interest received from SIP 'E' is invested in SIP 'F' w...
A man invested Rs. 15,000 at simple interest of 'x%' p.a. and received Rs. 30,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%...