Question
Five banks were fined ₹2.6 crore by RBI in 2024 for
failing to follow its regulatory rules. Which of the following is not one of them?Solution
Explanation: RBI fines ICICI, Axis, BoB, IDBI & BoM ₹2.5 crore for rule breaches in offering banking services. Penalties won't affect customer accounts. The Reserve Bank of India (RBI) has fined 5 major Indian banks a total of ₹2.5 crore for failing to follow its regulatory rules.
Which of the following statements is incorrect regarding Phillips’s curve?
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Which of the following Article of the Constitution authorizes the Contingency Fund of India to facilitate meeting of urgent unforeseen expenditure by th...
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The committee that recommended setting up Small Finance Banks in India was headed by –
Projected Annual Turnover: ₹24 crore
Borrower margin: 5%
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Calculate the asset turnover from the above information.
During the financial year 2023-24, A had cash sales of ₹3,90,000 and credit sales of ₹1,60,000. His expenses for the year were ₹2,70,000, out of w...
