Which of the following private sector bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat?
Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat and is the the first to offer these products in GIFT City. The loan against deposits facility is similar to a loan in foreign currency against a deposit in India and includes non-resident external fixed deposits in rupees. Clients may avail of the facility for short-term cash requirements without premature closure of term deposits which entails penalties. Up to 95 per cent of the deposit value can be availed of using this loan and customers can borrow for flexible tenures at fixed or floating interest rates.
Which of the following statements about the Insurance Regulatory and Development Authority of India (IRDAI) is/are correct?
1) It is a statutory ...
Revaluation reserve are included as Tier II capital at a _______ discount for the purpose of capital adequacy ratio.
What is the full form of IFSC in the context of GIFT City?
Credit Information Bureau (India) Limited CIBIL is India’s credit information bureau which provides consumers credit scores to a closed user group of ...
Who among the following cannot issue commercial papers?
When is the communication process complete?
HDFC Bank is a systemically important Bank. As such, it has to maintain additional Common Equity Tier 1 of ________ as a percentage of its Risk-Weighted...
What is the minimum credit rating required for the issuance of Commercial Papers (CPs) and Non-Convertible Debentures (NCDs), as per the revised RBI gui...
Consider the following statements
1. Railways budget is presented together with the Union budget from financial year 2017-18.
2. The ...
Which of the following statements regarding the classification of financial markets is/are correct?
1. Debt markets are primarily concerned with ...