The MCLR (Marginal Cost of Funds based Lending Rate) is the minimum lending rate below which a bank is not allowed to lend. The MCLR system superseded the previous base rate mechanism in determining commercial bank lending rates. The MCLR system uses marginal cost of funds, tenor premium, operating costs and cost of carry in CRR to determine the lending rate. The Reserve Bank has imposed a penalty of Rs 27.5 lakh on Punjab & Sind Bank for non-compliance with certain directions issued by it on external benchmark-based lending. A statutory examination of Punjab & Sind Bank revealed non-compliance with the directions, inter-alia, to the extent the bank linked certain floating rate retail loans and floating rate loans to micro and small enterprises, extended by it after October 1, 2019, to MCLR instead of an external benchmark.
In month of June Salary of Arjun is Rs.30000 and his expenditure is Rs.20000. In month of July salary of Arjun increased by 20,000 and expenditure incre...
Anju spends 16% of her monthly income on rent, 22% of it on groceries, 14% of it on children's education and 50% of the remaining on other items. If ₹...
Arjun Spends 20% of his income to food, then spends 15% of the remaining amount on rent, followed by 25% of what remains on trave...
Average income of 'Ishan' and 'John' together is Rs. 60,000. Whereas the average expenditure of 'Ishan' and 'John' is Rs. 38,000....
Determine Rohit's monthly salary if he allocated 40% of it to house rent, then 32% of the remaining amount on traveling. After accounting for his food e...
Monthly income of Sneha is Rs. 32,000 and the ratio of her monthly expenditure to monthly savings is 4:4 respectively. If the average monthly savings of...
The ratio of "Bhuvan's" income to "Chetan's" expenses is 3:1. The amount that "Anoop" spends is the same as "Chetan's," which is 20% less than "Bhuvan's...
A company has three departments: A, B, and C. The total monthly salary expenditure is ₹1,200,000. Department A spends 50% of the total salary, Departm...
There are 50 students in a school canteen. Due to new admissions, 20 new students join the canteen. The daily expenses of the can...
Rishu saves x% of her income. If her income increases by 26% and the expenditure increases by 20%, then her savings increase by 50%. What is the value of x
