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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.
The Marginal Standing Facility (MSF) rate is linked to which of the following rates?
_______ has got approval for the complete acquisition of Ohm Global Mobility Private (OHM) from OHM International Mobility for a nominal consideration...
Which organization is primarily responsible for ensuring financial inclusion in India?
Which financial instrument provides the right, but not the obligation, to buy or sell an asset at a specified price?
Which act governs the regulation and supervision of NonBanking Financial Companies (NBFCs) in India?
Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD ______ per financial year.
USSR was disintegrated in the period ______?
Which of the following banks continue to be identified by Reserve Bank of India as Domestic-Systemically important Banks?
The Rupee's _______ against a basket of currencies has increased, indicating that the Rupee has strengthened against major trading partners.
Which of the following instruments is considered an alternative to cash in the Indian payment system?
