Question
What is the name of the section under which RBI imposed
penalties on cooperative banks for regulatory non-compliance?Solution
The penalties levied on cooperative banks for non-compliance with RBI regulations were imposed under Section 47A(1)(c) of the Banking Regulation Act, 1949. This section empowers the RBI to take monetary action for regulatory deficiencies.
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A certain amount, when invested at a simple interest rate of 18.2% per annum, grows to Rs. 14,552 in 4.5 years. What is the initi...
Rohit invested a sum on compound interest at 'R%' per annum (compounded annually), which amounts to ₹8,000 and ₹11,520 in 2 years and 4 years respec...
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The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 100. If...
What will be the differnce between SI & CI on Rs. 70000 for 3 years at rate of 40% per annum ?
A sum of Rs 12,000 becomes Rs 15,600 in 3 years at simple interest. Find the rate of interest per annum.
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