Question
With effect from February 4, 2020, the Deposit Insurance
and Credit Guarantee Corporation (DICGC) increased the insurance cover for depositors in insured banks from ₹1 lakh to:Solution
With a view to providing a greater measure of protection to depositors in banks, DICGC raised the limit of insurance cover for depositors in insured banks from the earlier level of ₹1 lakh to ₹5 lakh per depositor with effect from 04.02. 2020.
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
A bank has statutory reserve requirement of 25% of Net Profit before appropriations. Net Profit before appropriations = ₹40 crore. Transfer to reserve...
Which of the following entities was formed to identify and check fraudulent activity in lending transactions against equitable mortgages?
A borrower is offered two loan options:
• Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee
• Loan B: ₹50 lakh @ 10% with no fee
<...The digital payment system UPI, has been developed by which of the following institutions?
Which portal monitors outstanding dues to MSEs?
A bank has Bills Discounted worth ₹4,00,000. Unexpired discount at year-end is ₹40,000. What is the adjustment in final accounts?
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
What is the primary role of the Central KYC Records Registry (CKYCR)?
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
