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Banks should not invest in Zero Coupon Bonds (ZCBs) issued by NBFCs unless the issuer NBFC builds up sinking fund for all accrued interest and keeps it invested in liquid investments / securities (Government bonds). Banks are permitted to also invest in Non-Convertible Debentures (NCDs) with original or initial maturity up to one year issued by NBFCs. However, while investing in such instruments banks should be guided by the extant prudential guidelines in force, ensure that the issuer has disclosed the purpose for which the NCDs are being issued in the disclosure document and such purposes are eligible for bank finance.
Bordoibam-Bilmukh Bird Sanctuary is located in which state?
For how many years has the 23rd Law Commission of India been constituted?
India has begun constructing its first CO2-to-methanol pilot plant in which city?
Government’s mission for Financial Inclusion is called as -
The Five year plan which recognized human development as the core of all development efforts?
Which is the capital city of Nigeria?
Which Strait divides India and Sri Lanka?
Who was the teacher of the famous musician Tansen?
Where is the ‘Malampuzha Dam’ located?
Which organization developed the 'Akashteer Air Defence System'?
