Question
The Reserve Bank of India (RBI) has increased the
threshold for bulk fixed deposits for Scheduled Commercial Banks and Small Finance Banks to ₹3 crore. What was the previous threshold for bulk deposits before this revision?Solution
The previous threshold for bulk fixed deposits was ₹2 crore, which has now been increased to ₹3 crore by the RBI. • Bulk Deposits: These deposits earn slightly higher interest rates as banks use them for managing liquidity. • Revised Definition: Bulk deposits are now defined as "Single Rupee term deposits of ₹3 crore and above" for Scheduled Commercial Banks (excluding RRBs) and Small Finance Banks. • Local Area Banks: The bulk deposit limit for Local Area Banks and Regional Rural Banks is set at ₹1 crore. • RBI's Policy Update: This revision was announced during the bi-monthly monetary policy review in June 2024 to streamline the classification of deposits.
If Q is related to Green and N is related to Blue. Following the similar pattern, P is related to?
Priya is older than her cousin Manvi, Manvi's brother Bhaskar is older than Priya. When Manvi and Bhaskar are visiting Priya, all three like to play a g...
L, K, J, H, G, F, D, and S live on eight different floors of the same building. The lowermost floor in the building is numbered 1, the floor above it, n...
Six boxes, T, U, V, W, X and Y are kept one above the other (not necessarily in the same manner). There are four box between T and U. There are two boxe...
Who among the following celebrated his birthday immediately before H?
Which of the following cities does C like?
Four of the following five are alike in a certain way based on the given arrangement and thus form a group. Which is the one that does not belong to tha...
Who among the following live on the odd floor?
I. R
II. N
III. O
_____ joins immediately before P.
Four of the following five are alike in a certain way and so form a group. Which is the one that one doesn’t belong to that group?
