Question
In which year were the last universal banking licences
before AU Small Finance Bank issued?Solution
The RBI had last granted universal banking licences in 2014, and the recipients were Bandhan Bank and IDFC Bank(which later became IDFC First Bank). Since then, no bank had been awarded such a licence until AU Small Finance Bank received one recently. This 11-year gap underscores the rarity of these approvals and the stringent eligibility criteria.
Where any Trade receivables are financed through Trade Receivables Discounting System (TReDS); the concerned TReDS on behalf of a factor, shall within a...
District cooling system has been implemented in India for the first time at which place?
Ayushman Bharat provides health coverage of _____ per beneficiary family per annum to poor and vulnerable families.
In which year was the Small Industries Development Bank of India (SIDBI) established?
What does "F" stand for in RDIF?
How much capital formation did India's primary markets facilitate in FY24, according to the Economic Survey 2023-24?
Financial position of the business is ascertained on the basis of
Consider the following statements:
- The World Investment Report is released by the World Economic Forum.
- In...
What is the FDI limit for payment banks?
Which of the following account, having a normal balance, will be shown on the debit side of a trial balance?