BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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60%
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70%
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50%
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80%
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Detailed explanation-1: -As 60% of “net assets” 2 of CICs are required to be in equity which are not for trading, these are, in effect, long term in nature. While the structure of assets of CICs are stipulated as per the 90/60 principle, there is no guideline on the maturity pattern of its liabilities.
Detailed explanation-2: -Core Investment Company (CIC) are specialized Non-Banking Financial Companies that need to undergo NBFC registration with the RBI. These CICs, which have an asset size of ₹100 crore and above, carry on the business of acquisition of shares and securities, subject to certain conditions.
Detailed explanation-3: -The deposits / collaterals kept by CICs-ND-SI with CCIL shall attract a risk weight of 20%.
Detailed explanation-4: -Ans: CICs having asset size of below Rs 100 crore are exempted from registration and regulation from the Reserve Bank, except if they wish to make overseas investments in the financial sector.
Detailed explanation-5: -A minimum of 75 per cent of the total assets of an IFC-NBFC should be deployed in infrastructure loans; The company should have minimum net-worth of Rs 300 crore, The CRAR of of the company should be at 15% with Tier I capital at 10% and.