Which private sector bank has launched foreign outward remittance service through mobile banking, after this Non-resident external and resident savings bank account holders can make foreign outward remittance through the bank’s app?
App-based foreign outward remittance- South Indian Bank has launched foreign outward remittance service through mobile banking. Non-resident external (NRE) and resident savings bank account holders can make foreign outward remittance through the bank’s ‘SIB Mirror+’ mobile banking application. The service is also available on its Internet banking platform ‘SIBERNET’. Customers can transfer foreign currency abroad without visiting the bank’s branch.
Which of the following causes of an increase in return on equity is most likely a positive sign for a firm’s equity investors?
According to the income recognition policy, when can interest on advances against Term Deposits, NSCs, KVPs, and life insurance policies be taken to the...
RBI has mandated the Legal Entity Identifier (LEI) code as a key measure to improve the quality and accuracy of financial data systems for better risk m...
Which of the following correctly explains the standardised approach for computing credit risk under Basel capital requirements, in India?
Consider the following statements.
1. Owing to Covid-19 pandemic, India lost its dominance in the world services trade in FY22.
2. Softwar...
What is the purpose of the Negotiable Instruments Act, 1881?
Which of the following statements is/are correct regarding Initial Public Offering (IPO) in India?
1)An IPO is a process by which a company raise...
The Asset Liability Management (ALM) Statement is to be prepared by every bank and is a regulatory requirement. It shows the maturity time-wise break-up...
Which of the following organizations is responsible for the development and management of GIFT City?
1) Securities and Exchange Board of...
What is the underlying reason for SEBI's permission to allow stock brokers and clearing members to park client funds in mutual fund overnight schemes?