Question
What was the total penalty imposed by the RBI on
Tamilnad Mercantile Bank Limited for non-compliance with directives on 'Interest Rate on Advances' and 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting'?Solution
RBI's imposition of a ₹13,180,000 penalty on Tamilnad Mercantile Bank Limited was due to several failures including benchmarking interest rates on certain loans to MSMEs to an external benchmark lending rate, adopting multiple benchmarks within the same loan category, improperly pricing floating rate loans, and incorrectly reporting borrower ratings to CRILC. This move underscores RBI's stringent compliance requirements to ensure transparency and fairness in banking operations .
________ dance form originates from the southern Indian state of Kerala.
What is the name of the earliest form of writing known in the Indian subcontinent?
Kirsty Coventry, who became the first female and first African President of the International Olympic Committee (IOC) in 2025, belongs to which country?
Lord Wellesley founded the "Fort William" college in ____________.
Germany will provide an additional Sustainable development aid worth 10 billion Euros to India to support the latter’s green growth plan till ____...
Which of the following won the 'NATIONAL TECHNOLOGY AWARD (MAIN)' in National Technology Week 2023?
Which of the following is NOT correct?
Recently RBI hikes collateral free loans to SHGs under DAY-NRLM to Rs ______.
Who is the Lt. Governor of Union Territory Ladakh?
In which of the following states Kuno Palpur Sanctuary is situated?
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