The Reserve Bank of India has revised its master direction on Know Your Customer (KYC) for regulated entities to incorporate amendments to the Prevention of Money Laundering rules. What is the purpose of "Ongoing Due Diligence" as per the amendments to the KYC rules?
The Reserve Bank of India (RBI) has imposed penalties on two private-sector lenders – ICICI Bank and Kotak Mahindra Bank. ICICI Bank was fined Rs 12.19 crore as the regulator found from its Inspections for Supervisory Evaluation (ISE) for its financial position as on March 31, 2020, and March 31, 2021, that the bank sanctioned/committed loans to firms in which two of its directors were also directors. ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines. Kotak Mahindra Bank was fined Rs 3.95 crore as it levied foreclosure charges despite there being no clause in the loan agreement for levy of prepayment penalty on loans recalled/foreclosure initiated by the bank.
An element has 8 electrons in its valence shell. Which of the following statements is correct?
Multitier farming is practised in which State?
Bacterial leaf blight of rice caused by Xanthomonas oryzae can be identified by
The way projects are planned and carried out that sequence is often called the "project cycle". Which of the following stage is the most crucial phase o...
In India, micro propagation in fruits crops is most common and popular in
Spongy tissue is a serious problem of which mango cultivar
Asepsis is a process of:
Which of the following compound has maximum osmotic pressure?
Which of the following is the function of food safety officer?
The weeds that produce all or most of their vegetative growth beneath the water surface, having true roots, stems and leaves are:
