What is the correct full form of ICAAP?
RBI issued guidelines for compensation of key managerial personnel and senior management of non-banking finance companies, RBI said that the finance companies have to constitute a nomination and remuneration committee (NRC), which will have the mandate to oversee the framing, review and implementation of compensation policy of the company with the approval of the board. NRC will also have to work with the risk management committee of the company to achieve effective alignment between compensation and risks. NRC may ensure that compensation levels are supported by the need to retain earnings of the company and the need to maintain adequate capital based on Internal Capital Adequacy Assessment Process (ICAAP). These guidelines are as per the scale-based regulation for NBFCs introduced by RBI in October last year. RBI has said that all the fixed items of compensation, including the perquisites and contributions towards superannuation/retiral benefits, may be treated as part of fixed pay. These guidelines will come into effect from April 1, 2023 and will be effective on all the finance companies, apart from the ones in the base layer. The proportion of variable pay in the total compensation of the management of NBFCs should be commensurate with their role and prudent risk-taking profile and at higher levels of responsibility, the proportion of variable pay should be higher. The board of NBFCs may not offer guaranteed bonuses to the senior management and key managerial personnel.
Which of the following statements correctly describes the meaning of Indian Depository Receipt (IDR)?
The CASA deposits of a bank are also referred to as:
When the Spot price of a Call Option is less than the Strike Price of an Option, the Option is said to be _________
The Indian Navy, in continuation with celebrating its ‘Azadi ka Amrit Mahotsav’ has partnered with ______ to embark on a motorcycle expedition in La...
Identify the cash flow from operating activities from the following:
1. Payment of taxes
2. Dividend and Interest payments
Which is the 1st operational bank of GIFT City?
What is the wrong statement about NBFCs?
Which bank has become the first Public Sector Bank in India to introduce the facility of UPI payments to merchants through RuPay Credit Card?
In capital budgeting, the discount rate used in the net present value method is also known as:
Which of the Uniform Customs & Practice for Documentary Credits (UCP) rules issued by ICC, are currently in effect?