Question
Following the decision by the Insurance Regulatory and
Development Authority of India (IRDAI), what is the revised minimum capital requirement for Foreign Reinsurance Business (FRBs)?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) has chosen to lower the minimum capital requirement for Foreign Reinsurance Business (FRBs) to Rs 50 crore from Rs 100 crore. This amendment is among other revisions in the reinsurance segment aimed at positioning India as a global insurance hub.
Which of the following is true?
I. Small Industries Development Bank of India (SIDBI) is a central or apex institution for financing agricultu...
Maximum limit of SLR is
KYC guidelines followed by the Banks have been framed on the recommendations of the ______
Axis Bank has its Head office in __________ and Registered office in _________ .
Under which Act, Banking ombudsman has been constituted?
The Cheque Truncation System (CTS) in India is first introduced in the year?
What was the position of India in the Global Hunger Index released in October?
Which of the following is true about the discounting of bill of banks?
I. Banks provide short-term finance by discounting bills, by making pay...
Which of the following is not the function of ATM?
Maximum limit of SLR is
