Question
What was the total penalty imposed by the RBI on
Tamilnad Mercantile Bank Limited for non-compliance with directives on 'Interest Rate on Advances' and 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting'?Solution
RBI's imposition of a ₹13,180,000 penalty on Tamilnad Mercantile Bank Limited was due to several failures including benchmarking interest rates on certain loans to MSMEs to an external benchmark lending rate, adopting multiple benchmarks within the same loan category, improperly pricing floating rate loans, and incorrectly reporting borrower ratings to CRILC. This move underscores RBI's stringent compliance requirements to ensure transparency and fairness in banking operations .
What is the theme of the International Day of Plant Health 2025?
ADB has provided how much funding to ReNew Energy Global Plc as potential investments in renewable energy projects, manufacturing, carbon offset project...
Which Portuguese governor shifted its capital from cochin to goa?
- What was the total amount of funding raised by Zepto in 2024?
Under which market condition do firms have excess capacity?
Prime Minister Narendra Modi inaugurated the Saryu Nahar National Project in Balrampur, ___________.
Which Indian Industrialist occupied the ninth rank globally in Hurun Global Rich List 2022?
Where is China building the world's largest hydropower dam?Â
Who is the recently appointed Chairman and Managing Director of NHPC Ltd?
Who among the following has been named ICC Player of the month (Men) for April 2022?
Relevant for Exams:
