Question
Who are the members of the Board of directors of the
Corporation as per the Deposit Insurance and Credit Guarantee Corporation Act?Solution
Section 6 Board of Directors:Â (1) The Board of directors of the Corporation shall consist of the following, namely :- (a) the Governor, for the time being, of the Reserve Bank or, if the Reserve Bank, in pursuance of the decision of the committee of the Central Board of Directors of that Bank, nominates any Deputy Governor for the purpose, the Deputy Governor so nominated, who shall be the Chairman of the Board; (b) a Deputy Governor or any other officer of the Reserve Bank nominated by that bank; (c) an officer of the Central Government nominated by that Government; (d) five directors nominated by the Central Government in consultation with the Reserve Bank, three of whom shall be persons having special knowledge of commercial banking, insurance, commerce, industry or finance and two of whom shall be persons having special knowledge of, or experience in, co-operative banking or co-operative movement, and none of directors shall be an officer of Government or of the Reserve Bank or an officer or other employee of the Corporation or a director, an officer or other employee of a banking company or a co-operative bank or otherwise actively connected with a banking company or a co-operative bank. (e) four directors, nominated by the Central Government in consultation with the Reserve Bank, having special knowledge or practical experience in respect of accountancy, agriculture and rural economy, banking, co-operation, economics, finance, law or small scale industry or any other matter, the special knowledge of, and practical experience in which, is likely in the opinion of the Central Government, to be useful to the Corporation.
Suresh deposited Rs. ‘Q’ in a bank offering compound interest of 7% p.a. compounded annually. After 5 years, he invested the amount received from th...
Anjali invested Rs.24000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from ...
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 1500. What will be the total amount received after 2 year...
An amount of Rs. 2,500 invested at a simple interest rate of r% per annum grows to Rs. 4,930 in 6 years. Using the same rate of interest, in how many ye...
'S' undertook an investment endeavor by allocating a capital denoted as 'a + 1000' into a scheme yielding a straightforward interest rate of 20% per ann...
The difference between compound and simple interest on a sum of money for 2 years at 25% per annum is Rs. 880. The sum is:
- The simple interest earned on a certain sum at 12% per annum for 6 years is equal to 2/5 of the compound interest earned on ₹10,000 at 15% per annum, com...
Aman spends 30% of his income, monthly income, on fuel. 40% in basic needs and 20% of the remaining in education. He saves the rest of them all in a rec...
if the interest is compounded half-yearly, calculate the amount when the principal is Rs.4000, the rate of interest is 22%.solve the question
A sum of Rs. 6,000, earning simple interest at an annual rate of 'r%' for 5 years, grows to Rs. 9,000. Calculate the total amount obtained if the same s...