Operational risk is the risk of direct and indirect loss resulting from inadequate or failed internal processes, people, & systems or from external events. KYC and guideline breaches are related to Clients, Products & Business Practices operational risk which means losses arising from an unintentional or negligent failure to meet a professional obligation to specific clients (including fiduciary and suitability requirements), or from the nature or design of a product.
Spice Money, the rural fintech company, announced building a digital financial services platform for consumers from rural and semi-urban India in partne...
Consider the following statement regarding the National Food Security Act (NFSA)?
I. It provides for 75% of subsidised foodgrains for rural popul...
Under the Atal Pension Yojana, what is the minimum age requirement for an individual to enroll in the scheme?
Which festival in West Bengal is recognized as an Intangible Cultural Heritage by UNESCO?
Which Indian bank recently merged with HDFC, impacting the RBI's bank deposit data?
RBI’s 2023 monetary policy objective is to hold inflation within the mandated tolerance band and guide it towards the medium-term target of 4% by ____...
Recently Ministry of Agriculture and Farmers Welfare released the 3rd Advance Estimates of the area and production of various _______ crops for the year...
What primary aim does the committee chaired by Rajiv Gauba have regarding the LGBTQ + community?
In the context of tokenisation of assets, what type of network is commonly mentioned where discussions between banks and the RBI have taken place?
Which celebrated singer, often referred to as the 'Bihar Kokila,' passed away recently and was known for her contributions to Bhojpuri, Maithili, and Hi...
