Question
How many Whole Time Directors (WTDs), including the
Managing Director and Chief Executive Officer, has the Reserve Bank of India (RBI) advised private sector banks to appoint on their boards?Solution
The Reserve Bank of India (RBI) has advised private sector banks to appoint at least two Whole Time Directors (WTDs), including the Managing Director and Chief Executive Officer, on their boards. The number of WTDs will be determined by the bank's board based on factors such as the size of operations and business complexity. The move is aimed at establishing effective senior management in response to the growing complexity of the Indian banking sector.
A person 'X' borrowed Rs. 4,000 from a bank on simple interest, which is to be repaid in three equal annual installments. The rat...
A certain amount becomes double in 8 years at r% simple interest. Find the rate of interest.
- A certain amount was deposited at compound interest of x% per annum, compounded annually. It grows to Rs. 6400 in 2 years and Rs. 9216 in 3 years. Determin...
A sum of money will amount to Rs. 250 in 2 year & in 3 year it is to be 350 in compound interest . Find the rate of interest?
If interest is compounded half-yearly, then find the compound interest on Rs. 8,000 at the rate of 20% per annum for 1 year.
- A certain sum doubles in 9 years at certain rate of simple interest. The same sum under the same interest rate will become 4 times of itself in how many ye...
The compound interest on a certain sum for 2 years at 15% p.a. is Rs. 3225. Find the simple interest on the same sum for the same period and at the same...
A sum doubles in 20 years at simple interest. What is the rate of interest?
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 3000. What will be the total amount received after 2 year...
The difference between the compound interest and simple interest on a certain sum for 2 years at 10% per annum is Rs. 72. Find the simple interest on th...
