Question
Which bank recently became the first in 11 years to
receive an ‘in-principle’ universal bank licence from the RBI?Solution
The Reserve Bank of India (RBI) granted an ‘in-principle’ approval to AU Small Finance Bank Ltd. (AUSFB) for transitioning from a small finance bank to a universal bank. This is notable because it is the first universal bank licence granted by the RBI in 11 years, with the last such licences issued in 2014 to Bandhan Bank and IDFC Bank (now IDFC First Bank). The new licence allows AUSFB to expand operations beyond the scope of small finance banks, offering a wider range of financial services and products across India.
Once an insurance company has paid up to the limit, it will pay no more during that year is known as ____________?
Which section of the Indian Insurance Act 1938 provides for nomination of a person?
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at...
How does a "hard market" typically begin?
What is the grace period in case of monthly premium payment mode in insurance?
Machinery Breakdown insurance covers:
Which of the below cannot be an intermediary?
If the same company's stock price fell to $2 per share while its EPS fell to $0.25, the P/E would fall to ____.
What covers professionals for negligence and errors or omissions that injure their clients?
Coverage against loss through stealing by individuals not in a position of trust is called?
