Question
The Reserve Bank of India (RBI) imposed a monetary
penalty on Poonawalla Fincorp Limited for which reason?Solution
The RBI imposed a penalty of ₹10 lakh on Poonawalla Fincorp Limited, Pune, due to non-compliance with the 'Fair Practices Code for NBFCs,' specifically for charging interest on loans from dates prior to disbursal, which was against the terms communicated to customers.
In light of recent regulations, how has the SEBI circular amended the handling and distribution of securities to clients by brokers? The new directive a...
In the case of a forward contract , the actual risk arises and is managed on:
The premium of ________ per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment in Pr...
In the context of Letters of Credit, which of the following banks guarantees payment to the seller after verifying documents and fulfilling the terms of...
Which organization has been designated as the Nodal Agency for issuing guarantee cover under the Credit Enhancement Guarantee Scheme for Scheduled Caste...
Which of the techniques are not known for controlling wastages?
What does retributive justice emphasize?
 As per the RBI guidelines for Short Term Loans for Agriculture and Allied Activities availed through Kisan Credit Card (KCC), Iinterest subvention a...
According to the Union Budget 2023-24, consider the following statements.Â
1. National Green Hydrogen Mission, with an outlay of 19,700 crores
Where the aggregate exposure of the banking system is ₹5 crore or more, borrowers can open current accounts with any one of the banks with which it ha...
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