To enhance the effectiveness of its grievance redressal systems, the Reserve Bank of India ( RBI) has urged Credit Information Companies to designate an internal ombudsman ( IO) by April 1, 2023. The Central Bank made the decision in August to include CICs in the scope of the RBI- Integrated Ombudsman Scheme 2021 in order to broaden its appeal. The RBI claimed that the action would give clients of regulated businesses a free alternative dispute resolution method for complaints regarding CICs. Only complaints that the CIC has already reviewed but rejected in whole or in part will be handled by the IO. Direct complaints from complainants or members of the public won't be handled by it.
In the context of credit risk assessment, which of the following metrics would be the most reliable for an MSME lender to assess the long-term financial...
Concerning the GST Council's regularization of taxation issues, consider the following statements:
1. The GST Council is deciding on whether pack...
Which of the following is a limitation of the Value at Risk (VaR) approach, a widely used risk management tool, to measuring risk?
Which of the following describes the process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities?
What is the difference between bullion and numismatics?
To study the trends in a firm’s cost of goods sold (COGS), the analyst should standardize the cost of goods sold numbers to common size basis by divid...
One of the biases that tend to distort appraisals is Halo effect. Halo effect refers to which of the following?
Which of the following is a major risk for MSMEs that is caused by delays in payments from large customers and the accumulation of receivables?
Under the assessment guidelines given in Master Circular on Management of Advances – UCBs working capital requirement of borrowers, other than Micro a...
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
