BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IDBI
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IFCI
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UTI
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All of the Above
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Detailed explanation-1: -Institutional underwriters in India are IDBI, IFCI, UTI, and SBI Capital Market.
Detailed explanation-2: -Non-Institutional Underwriters They are known as sub-brokers. These people spread message and give publicity about various issues in the offering. They rapidly supply application forms or even go to the extent of collecting money from the investors. They play a very crucial role in the area of underwriting.
Detailed explanation-3: -Which of the following acts regulates the underwriting process in India? Securities and Exchanges Board of India (Underwriters) Regulations, 1993.
Detailed explanation-4: -Underwriting helps to set fair borrowing rates for loans, establish appropriate premiums, and create a market for securities by accurately pricing investment risk.