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.
How are rights and duties related?
As per IRAC norms, an asset becomes NPA when the interest or installment remains overdue for more than:
An oil refining industry will undertake costing by the _______ method?
Which of these are covered under Regulated Entities (RE):
1. All India Financial Institutions (AIFIs)
2. All Non-Banking Finance Companies...
If an individual is unable to pay back the overdraft taken by him, which of the following risk is the bank facing?
According to the Union Budget 2023-24, consider the following statements.
1. The Prime Minister has given a vision for “LiFE”, or Lifestyle...
According to the IRAC Norms, which of the following asset classifications applies to a loan where the borrower has defaulted on payment for over 12 mon...
Under which conditions can a company declare or pay dividends for a financial year as per the Companies Act?
Which of the following statements regarding incentive pay plans is most accurate?
A. Unlike merit pay plans, base pay is set at ...
A company is in need of a new plant to ramp up production at its manufacturing unit. It is contemplating ways to finance the new plant and is deciding ...
