Get Started with ixamBee
Start learning 50% faster. Sign in now
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 The MCLR system superseded the previous base rate mechanism in determining commercial bank lending rates.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.
Which of the following Fundamental Rights are guaranteed by the Indian Constitution under the Right to Freedom?
1. Right to assemble peacefully
Consider the following pairs:
Which of the pairs give...
Which committee recommended the inclusion of Fundamental Duties in the Indian Constitution?
Who founded the "Social Service League"?
Interest groups seek to promote the interests of a particular section or group of society. They can be of two types, promotional interest group, and sec...
The S.R. Bommai Case (1994) is associated with which constitutional provision?
Which commission recommended reservations for the Other Backward Classes (OBCs)?
Which of the following Schedule describes Rajya Sabha seats?
In which type of Government, the Legislature gains a priority over the Executives?
Which Five Year Plan in India is often referred to as the Rao-Manmohan Singh Model of economic liberalization?
