Question
Under bank ombudsman scheme, bank ombudsman has given
the power to provide compensation up to ----.Solution
Limit on the amount of compensation (Award): The amount, to be paid by the bank to the complainant (The person registering the complaint) by way of compensation for any loss suffered by the complainant is the lower of- Loss suffered due to any act or omission of the Bank ₹ 20 lakhs (₹ Two Million)
'CIBIL Rank' for MSMEs (CIBIL MSME Rank) is provided on a scale of:Â
What is the 'Margin' in the context of a bank loan?Â
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Which organization provides credit insurance to Indian exporters?Â
What does a 'Zero-Coupon Bond' mean?Â
Under the Kisan Credit Card (KCC) scheme, the 'Scale of Finance' for a crop is decided by:Â
Under the prompt corrective action (PCA) framework, which of the following parameters is NOT monitored by the RBI?Â
What is 'Countercyclical Capital Buffer' (CCyB)?Â
'Rights Issue' of shares refers to:Â
As per IRAC (Income Recognition and Asset Classification) norms, an asset is classified as a 'Loss Asset' when:Â
Relevant for Exams:
