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When the principal or interest payment for a particular loan is overdue between 61 and 90 days (and not exceeding 90 days), this is called special mention account-2 or SMA-2.JLFs meetings are held to revitalise stressed assets. In JLF banks attempt to red-flag stress early and check them by putting in place a corrective action plan (CAP). RBI has lowered the threshold needed for implementing the corrective action plan (CAP). Now, the decisions agreed to by a minimum of 60% of creditors by value and 50% of creditors would now be valid to implement the CAP. Decision taken by the JLFwould be binding on all other lenders.
Mobile Money Identifier (MMID) is a ____ digit number of a banking customer.
The RTGS transaction timings on Saturday is from
Which committee was established to form Nabard?
The type of account which is opened by the investor while registering with an investment broker (or sub-broker) is called __________.
‘IMPS’ is a new term being used in banking sector. Its full form is –
In 1921, three Banks were merged into one Bank i.e, Imperial Bank. They are:
Which of the following tax generates the maximum amount of revenue for the government of India?
_________ bank has partnered with MobiKwik for co-branded virtual Visa prepaid card.
What is Reverse Mortgage?
In which year the first Bank of India was established?
