Correct Answer : 50%
RBI allows commercial banks to pay up to 50% of pre-Covid dividends. The Reserve Bank of India (RBI) has allowed commercial banks to pay dividends on equity shares for FY21, from the profits for the fiscal ended March 31, 2021, subject to certain conditions and limits.
Correct Answer : 30-49%
IDF-NBFCs can be sponsored by banks and Infrastructure Finance companies. ‘Sponsorship’ means an equity participation by the NBFC between 30 to 49% of the IDF.
Correct Answer : Allahabad Bank
A bank that has multiple shareholders is called joint-stock bank. Oldest Joint Stock bank of India was Bank of Upper India that was established in 1863. But this bank failed in 1913. India’s Oldest Joint Stock Bank which is still working is Allahabad Bank. It is also known as India’s oldest public sector bank. It was established in 1865.
Correct Answer : Authorized dealers
Correct Answer : NABARD
Upon its formation in 1982, NABARD took over the functions of the erstwhile Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of RBI and ARDC.
Correct Answer : 1944
In 1944-11-22, the Public Debt Act was passed and this act replaced the Indian Securities Act, 1920. Via this act RBI’s functions and powers with respect to management of Central public debt were increased.
Correct Answer : Reserve Bank of India
Correct Answer : Chennai
Correct Answer : Liquidity in economy
Correct Answer : IDBI Bank
The Industrial Development Bank of India (IDBI) was established in 1964 by the government of India under an act of the Indian Parliament called the IDBI Act. On December 15, 2003, the Indian Parliament approved the conversion of Industrial Development Bank of India’s (IDBI) into a universal bank. The government’s move was significant given the fact that the Development Financial Institution (DFI) had been struggling to sustain its growth in recent times. In India, the Development Financial Institutions were established and developed by Government of India and Reserve Bank of India (RBI) to meet the specific needs of the industry and were traditionally engaged in long term financing, as their main objective was to take care of the investment needs of industries and to contribute to a better industrial climate.
