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RBI guidelines strictly prohibit using introductions from existing customers as a means of verifying new customers. This is to ensure that financial institutions independently verify the identity of their customers, avoiding the risks associated with fraudulent activities. The other options are requirements as part of the Customer Identification Procedure (CIP) , ensuring thorough customer verification and documentation.
For market risk, the minimum capital requirement is expressed in terms of two separately calculated charges. Which of the following are those two risks ...
The government of a developing country is facing a high fiscal deficit due to increased spending on social welfare programs and infrastructure projects....
The Debt/Equity ratio is a crucial metric in financial analysis. What core aspect of a company's financial health does this ratio assess?
Which of the following statements about Mortgage are not true?
1. Under a mortgage, the legal ownership of the asset can be transferred to the le...
What is the purpose of a deductible in an insurance policy?
What is the primary function of global financial centers (GFCs)?
Which of the following is an example of a risk transfer technique?
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
Which of the following is a risk faced by banks when lending to MSMEs due to information asymmetry?
Which of the following are correct in regards to the budget of India?