2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$ 150 millions
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$ 171 millions
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$ 120 millions
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$ 110 millions
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Detailed explanation-1: -The Bank will have right to recover from the borrower the balance due if any, after sale of property. Excess amount, if any, obtained on sale of property will be returned to the borrower after meeting all the related expenses provided the Bank is not having any other claims against the customer.
Detailed explanation-2: -No minimum balance requirement as account can be opened with Zero balance. Cash Withdrawal (self) at non base branches is allowed up to Rs.25000/-No such limit for Cash Withdrawal at Base Branch.
Detailed explanation-3: -2 lacs Rs. 1000/-per loan Above 2 lacs-5 crores 1.30% of limit subject to minimum Rs. 3000 Above 5 crores-25 crores 1.10% of limit subject to minimum Rs. 7 lac Above 25 crs 1% of the limit subject to minimum Rs.