Question
Which of the following cooperative banks had its license
cancelled by the RBI due to inadequate financial stability and regulatory non-compliance in July 2024?Solution
The RBI revoked the license of Mahabhairab Cooperative Urban Bank Limited due to its unsatisfactory capital adequacy and potential risk to depositors' interests, necessitating an immediate cessation of its banking operations.
Which of the following risk assessment measures is required by Regulated Entities (REs) for monitoring and managing money laundering (ML) and terrorist ...
Find the incorrect statement:
A company with paid-up equity capital of ₹20,00,000 and free reserves of ₹30,00,000 decides to buy back shares worth ₹15,00,000. The debt-equity r...
Parent Co. acquires 80% of Subsidiary Co. for ₹16,00,000 when Subsidiary’s net assets are ₹15,00,000. At acquisition, the fair value of minority i...
What is the accounting treatment for government grants related to assets under Ind AS?
Amount paid for stationery during 2022-23        ₹ 80,000
Creditors for Stationery on March, 31, 2023       ₹ 7,...
The difference between the spot price and the future price of a future is called as _____?
XYZ Ltd. incurred R&D expenses of ₹20 lakhs for developing a new product. The product has not yet reached the commercialisation stage. How should the ...
Which of the following is NOT an example of capital receipt?
The return forgone for the undertaking an investment is known as?
