BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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These guide lines made on recommendations of the working group chaired by Deputy Governor K. C. Chakrabarty
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RBI has suggested that an MSE is considered ‘sick’ when: any of the borrowed amount of the enterprise remains a non-performing asset (NPA) for three months or more
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RBI also suggested if there is erosion in the net worth due to accumulated losses to the extent of 50 percent of its net worth during the previous accounting year
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The stipulation that the unit should have been in commercial production for at least two years has been removed.
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Detailed explanation-1: -The correct option is It acts like a banker’s bank. The Reserve Bank of India, known as RBI, is India’s central bank and regulatory body responsible for the regulation of the Indian banking system. It is under the ownership of the Ministry of Finance, Government of India.
Detailed explanation-2: -Small industrial Development Bank of India is a development financial institution in India, headquartered at Lucknow and having its offices all over the country. SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.
Detailed explanation-3: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.