Latest Banking Updates Set 1

The amount of TCS deductable by the bank while permitting LRS for overseas Tour packages with effect from 01st Oct 2023 is?

• Upto Rs. 7 lakh- 5% & above Rs. 7 lakh- 20%

• Upto Rs. 7 lakh- Nil & above Rs. 7 lakh- 5%

• 20% irrespective of the amount of remittance

• Upto Rs. 7 lakh- 20% & above Rs. 7 lakh- 25%

As per the revised instructions under FTP-2023, the eligible exporters to obtain status holder certificate from DGFT?

• Need to make application through customs department

• Need to make application through AD -I banks

• Need to make online application with DGFT.

• No need to make any application. DGFT will issue automatically based on their available data base.

The highest category of export status holders in India fall under?

• One star

• Two star

• Three star

• Four star

As per RBI guidelines, any entity proposes to join Account aggregator network can join as?

• Financial Information User (FI-U) only

• Financial Information Provider (FIP) only

• Either Financial Information provider or User as per their board approved policies.

• Both as Financial Information User & Provider.

A single rupee term deposit of Rs. and above held with a scheduled commercial bank shall be treated as Bulk deposit.

• Rs. 1 crore

• Rs. 2 crore

• Rs. 50 lakh

• Rs. 5 crore

A single rupee term deposit of Rs. and above held with a Regional Rural Bank shall be treated as Bulk deposit.

• Rs. 1 crore

• Rs. 2 crore

• Rs. 50 lakh

• Rs. 15 lakh

RBI has recently increased the limit of non callable term deposits offered by the banks including NRE and NRO deposits from Rs. 15 lakh to ?

• Rs. 25 lakh

• Rs. 50 lakh

• Rs. 1 crore

• Rs. 2 crore

As per the latest RBI guidelines on compensation to customers for delayed updation in credit information by Credit institutions (CIs) or Credit information companies (CICs) , what is the amount of compensation need to be paid by CIC or CI to the complainant if CIC has failed to resolve customer compliant within 30 calendar days and CI is failed to submit correct information to CIC within 21 calendar days?

• Rs. 200 per calendar day of delay.

• Rs. 500 per calendar day of delay.

• Rs. 100 per calendar day of delay.

• Rs. 5000 per calendar day of delay.

As per RBI guidelines, CICs shall provide easy access to Free Full Credit Report (FFCR) including credit score, once in _, to individuals whose credit history is available with the CIC by displaying the link prominently on their website (on the Home page itself) so that individuals are able to access their FFCR conveniently.

• half year

• Two years

• Three years

• One year

As per the latest RBI guidelines, all Private sector banks & Wholly-Owned Subsidiaries of Foreign Banks (excluding Payment Banks and Local Area Banks) to ensure the presence of at least _ Whole Time Directors (WTDs), including the MD&CEO, on their Boards.

• 2

• 4

• 3

• 1