Question
The Reserve Bank has imposed a penalty of Rs 27.5 lakh
on __________ for non-compliance with certain directions issued by it on external benchmark-based lending.Solution
The Reserve Bank has imposed a penalty of Rs 27.5 lakh on Punjab & Sind Bank for non-compliance with certain directions issued by it on external benchmark-based lending. A statutory examination of Punjab & Sind Bank revealed non-compliance with the directions, inter-alia, to the extent the bank linked certain floating rate retail loans and floating rate loans to micro and small enterprises, extended by it after October 1, 2019, to MCLR instead of an external benchmark.
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The journal entry for the purchase of inventory on credit would be:
Kalidasa's works include:
I. Abhijnanashakuntalam
II. Meghadutam
III. Raghuvamsa
IV. Malvikagnimitram
V. Ritusamhara<...
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1. Article 17
2. Article 38
Let n (>1) be a composite natural number whose square root is not an integer.
Consider the following statements:
1. n has a factor wh...