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In November 2021, RBI came out with the Integrated Ombudsman Scheme 2021 which integrated the three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme covers the following regulated entities : i. all Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50 crore and above as on the date of the audited balance sheet of the previous financial year; ii. all Non-Banking Financial Companies ( excluding Housing Finance Companies ) which (a) are authorised to accept deposits; or (b) have customer interface, with an assets size of Rupees 100 crore and above as on the date of the audited balance sheet of the previous financial year; iii. all System Participants as defined under the Scheme.
To provide greater discretion to borrowers on terms and conditions, the guidelines on digital lending have kept _____ outside the scope of Digital lendi...
The rate applicable to an investment lasting for n years when all the returns are realized at the end is called:
Which of the following is correct with respect to measurement of sensitivity?
Which among these is not a type of funded loans?
A bank listing its Additional Tier 1 (AT1) bonds on an international financial services center (IFSC) is primarily doing so to:
Which of the following exposures/counterparties would not be considered to have a SICR as per RBI discussion paper on ECL model for banks:
I. S...
Which of the following is the correct sequence of steps in the communication process?
Which of the following is not an external factor leading to credit risk?
...Which Indian state is the GIFT City located in?
Ayush bought a futures contract at Rs 120. If, the initial margin is 40% and maintenance margin is 25%, at what price the margin call will be initiated ...
