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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.
Dhanvantari was
Consider the following statements regarding the National Social Assistance Programme (NSAP), Which of the statements given above is/are correct?
<...“Rapa Nui”, also known as Easter Island, recently seen in the news, is located in which ocean?
In ΔABC, PQ is parallel to BC If AP: PB= 3:7 and AQ= 3 cm, AC is equal to?
According to industrial relation code 2020 ,Which of the following industrial establishments are required to prepare standing orders?
A man invested certain sum at 5% p.a. simple interest for his son who was 13 years old. If the amount received by the son when he was 29 years old is Rs...
Which one of the following is the process in which representatives of workmen and employer involved in an industrial dispute are brought together befor...
Consider the following in regards to Goldman Environmental Prize:
1.An esteemed award that acknowledges the efforts of six activists from six con...
Who became the 36th president of BCCI?
The sequence of folding a piece of paper and the manner in which the folded paper has been cut is shown below. Choose a figure which would most closely ...
