Commercial Paper (CP) is a short term monetary instrument in the Indian Money Market. It is unsecured and issued in the form of a promissory note. It acts as the debt instrument to be used by large corporate companies for borrowing short-term monetary funds in the money market. Being a money market instrument, it comes under the regulatory purview of the Reserve Bank of India (RBI) which issues guidelines for CP issues.
Which of the following statements is/are CORRECT with respect to the report released by the Swiss Re Institute ?
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Consider the following statements with respect to the monetary penalties been imposed by RBI on certain banks-
I.The Reserve Bank of India has ...
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