Correct Answer : 10 %
HDFC Bank has cut India's growth projection to 10 % from 11.5 % for the current financial year, citing the adverse effect of the second Covid-19 wave. In a worst-case scenario of COVID-19, the bank has predicted the GDP rate to be at 8%.
Correct Answer : Federal Bank
The Federal Bank has entered into a strategic tie-up with UAE-based Mashreq Bank to facilitate money transfers from the UAE.
Correct Answer : All of the above
The money market is a key component of the financial system. It is a market for short-term funds with maturity ranging from overnight to one year. The basic function of money market is to provide efficient liquidity position for commercial banks, financial institution, Mutual funds, insurance companies, corporate etc
Correct Answer : S Janakiraman
The RBI has constituted committee headed by SBI Managing Director S Janakiraman, the advisory group will assist the RRA 2.0 by identifying regulations, guidelines, and returns that can be rationalised.
Correct Answer : Rs 3 crore
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹3 crores on ICICI Bank for non-compliance with its directions in the matter of shifting of securities from one category to another.
Correct Answer : 60 months
The NBFCs are allowed to accept/renew public deposits for a minimum period of 12 months and maximum period of 60 months.
Correct Answer : 15 years
The Reserve Bank of India (RBI) has capped the tenure of managing directors (MDs) and chief executive officers (CEOs) and whole-time directors (WTDs) of private banks at 15 years from the date of appointment. For CEOs who are part of the promoter group or large shareholder, the tenure is capped at 12 years.
Correct Answer : HDFC Bank
RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman. Private sector lender HDFC Bank on said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank.
Correct Answer : financial risk
Ambiguity introduced by way by which organization finances its investments is financial risk. Financial risk is a term that can apply to businesses, government entities, the financial market as a whole, and the individual. This risk is the danger or possibility that shareholders, investors, or other financial stakeholders will lose money.
Correct Answer : 2016
The Reserve Bank of India Act, 1934 was amended by Finance Act (India), 2016 to constitute MPC which will bring more transparency and accountability in fixing India's Monetary Policy.
