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The authority for the RBI to issue instructions on unclaimed deposits is derived from Section 35A of the Banking Regulation Act, 1949, as mentioned in the circular "Inoperative Accounts/Unclaimed Deposits in Banks."
What action should lenders take when a stressed loan is transferred to an ARC at a price below the Net Book Value (NBV)?
“Revenues and expenses must be recorded in the accounting period in which they were earned or incurred, no matter when cash receipts or outlays occur...
How does lateral communication in an organization occur?
The term “SICR” discussed in the recently published RBI's released Discussion Paper on Introduction of Expected Credit Loss (ECL) Framework for Prov...
Which of the following is correct regarding Strategic Risk?
i. A Risk arising from adverse business deci...
To ensure availability of low-cost funds for renewable energy projects, Government of India raised sovereign green bonds of ₹16,000 crore (approximate...
What are the criteria used to evaluate global financial centers?
Firm's Cost of Capital is the average cost of:
The estimated number of underweight, malnourished and severely malnourished children under 5 years of age is obtained under National Family Health Surv...
Managing risk in a bank means _______
A. not entering into any business where there appears to be risks
B. implementing the appropriate po...
