BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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monthly
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quarterly
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half-yearly
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yearly
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Detailed explanation-1: -Loans at the bank rate focus on the long-term financial goals of commercial banks. It can be an overnight loan, fortnight, or even 28 days.
Detailed explanation-2: -The reporting frequency of the CRILC– UCBs return is quarterly to start with. The banks need to submit the data on large exposures within 30 days from the end of the quarter through XBRL reporting platform of RBI.
Detailed explanation-3: -(i) Short Term (Seasonal Agricultural Operations) Refinance is provided for production purposes at concessional rate of interest to State Co-operative Banks (StCBs) and Regional Rural Banks (RRBs) by way of sanction of credit limits. Each withdrawal against the sanctioned credit limit is repayable within 12 months.