Govt Exams
RBI mandates a minimum CRAR of 10.5% for SCBs, comprising 5.5% Tier I capital and 5% Tier II capital as per Basel III framework.
PMSBY provides accidental death insurance coverage of ₹2 lakhs to individuals aged 18-70 years at a nominal annual premium.
An NPA is a loan or advance where principal or interest payment is overdue by 90 days or more from the contractual due date.
PMJBY provides accidental death insurance coverage to BPL families and unorganized sector workers at a minimal premium.
As per RBI guidelines, banks must complete KYC verification within 30 days of opening an account.
FIU-IND is India's financial intelligence unit responsible for combating money laundering and terrorist financing.
The RBI's policy repo rate stands at 6.5% as per the latest monetary policy decisions in 2024-2025.
UPI (Unified Payments Interface) is operated by NPCI for retail payments. NEFT and RTGS are operated by RBI, while CHIPS is a US-based system.
SLR refers to the percentage of their deposits that commercial banks must maintain in the form of liquid assets like government securities.
The maximum deposit insurance coverage under DICGC is ₹5 lakhs per depositor per bank as per the current norms.