RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank

RBI has imposed a fine of Rs 1 crore on which of the following banks for flouting bill discounting norms? A) Syndicate Bank B) United Bank of India C) Indian Overseas Bank D) UCO Bank E) Vijaya Bank
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D) UCO Bank Explanation: Reserve Bank of India has told state-run Uco Bank to pay Rs 1 crore penalty for flouting bill discounting norms which allowed current account holders siphon out funds.
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Description : Which natioalised bank of India has a shining star as its emblem? (1) Syndicate Bank (2) Indian Bank (3) Bank of India (4) Bank of Baroda

Last Answer : Bank of India

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Minimum paid-up capital of small finance banks is _______ A. 100 crore B. 200 Crore C. 500 crore D. 1000 crore E. None of the Above

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Description : The Minimum Net Owned Fund for NBFC-MFIs registered in the North Eastern Region of the country is _________ A. Rs.5 crore B. Rs.4 crore C. Rs.3 crore D. Rs.2 crore E. None of the Above

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Description : The Overseas Principal should obtain necessary authorisation from the Reserve Bank of India under the provisions of which Act to commence/ operate a payment system? A. Reserve Bank of India Act-1934 B. Banking ... , 1949 D. Payment and Settlement Systems Act (PSS Act), 2007 E. None of the Above

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Description : By increasing the 'Bank Rate', the RBI can: a) provide incentives to commercial banks to lend more to public b) provide incentives to commercial banks to lend less to public c) increase the money supply in the market d) none of the above

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What is 'Bank rate'? a) The rate at which commercial banks borrow money from RBI b) The rate at which commercial banks lend money to customers c) The rate at which commercial banks lend money to RBI d) none of the above

Description : What is 'Bank rate'? a) The rate at which commercial banks borrow money from RBI b) The rate at which commercial banks lend money to customers c) The rate at which commercial banks lend money to RBI d) none of the above

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Explain the following concept: Discounting of Bill

Description : Explain the following concept: Discounting of Bill

Last Answer : Explain the following concept: Discounting of Bill

What is Bill Discounting?

Description : What is Bill Discounting?

Last Answer : M1 provides an online discounting and Trade Receivable Discounting System. It is a digital platform to support micro, small and medium enterprises (MSMEs) to get their bill financed at a competitive ... at cheaper rates through banking and factoring companies.To know more about us visit our website: