Banking‌‌Awareness‌‌May‌‌Set‌‌1‌ b

‌ y‌D
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Q) ‌Which‌b‌ ank‌h‌ as‌‌launched‌‌the‌‌digital‌‌platform‌‌‘Merchant‌S

‌ tack’‌t‌o‌‌target‌‌over‌‌2‌‌crore‌‌retail
merchants‌i‌n‌t‌he‌‌country?
A.Axis‌‌Bank B.HDFC‌‌Bank
C.ICICI‌‌Bank D.Yes‌‌Bank

ICICI‌B
‌ ank‌
● ICICI‌B ‌ ank‌‌linked‌‌UPI‌‌ID‌‌to‌‌its‌‌digital‌‌wallet‌‌’Pockets’
● ICICI‌B ‌ ank‌‌launched‌‌'Namma‌‌Chennai‌‌Smart‌‌Card’
● ICICI‌L ‌ ombard‌‌launched‌‌Corporate‌‌India‌‌Risk‌I‌ ndex
● ICICI‌‌Prudential‌‌Life‌‌Insurance‌‌Company‌‌launched‌‌the‌‌Guaranteed‌‌Income‌‌for‌‌Tomorrow‌o‌ r‌G
‌ IFT‌‌product
● ICICI‌‌Bank‌‌launched‌‌a‌‌new‌‌mobile‌‌application‌‌‘InstaFX’

Q) ‌According‌t‌o‌a‌ ‌r‌ eport‌‌by‌‌Brand‌‌Finance,‌‌Life‌‌Insurance‌‌Corporation‌h‌ as‌e‌ merged‌‌as‌‌the‌‌_______th‌m

‌ ost‌‌valuable
insurance‌b‌ rand‌‌globally?
A.4‌th ‌
B.5‌th
C.10‌th D.9‌th
‌

● The‌U ‌ S‌‌has‌‌two‌‌companies‌‌in‌‌the‌‌top‌‌10,‌‌China‌‌has‌‌five‌‌while‌‌France,
Germany,‌‌and‌‌India‌‌have‌‌one‌‌insurance‌‌company‌‌each‌‌in‌‌the‌‌list.
● Most‌‌valued‌c‌ ompany‌‌–‌‌Ping‌‌an‌‌insurance,‌‌China
● As‌f‌ ar‌‌as‌‌the‌s‌ trongest‌‌insurance‌b‌ rands‌a‌ re‌c‌ oncerned,‌‌Italy’s‌P
‌ oste
Italiane‌‌leads‌‌the‌‌pack

● Managing‌‌Director‌‌of‌‌LIC‌‌-‌‌Siddhartha‌‌Mohanty
● LIC‌‌'Bima‌‌Jyoti'‌‌policy‌–‌ ‌‌Minimum‌‌sum‌‌assured‌‌-1‌‌lakh‌‌no‌‌upper‌‌limit,
90‌‌days‌-‌ ‌‌60‌‌years
● LIC)‌‌has‌a‌ ppointed‌‌Paytm‌‌to‌h‌ andle‌‌its‌‌digital‌‌payments

Q) ‌Who‌h‌ as‌‌been‌‌appointed‌‌as‌‌the‌‌fourth‌d‌ eputy‌‌governor‌‌of‌‌the‌R

‌ eserve‌B
‌ ank‌‌of
India?
A.T‌R‌ abi‌S
‌ anka‌r B.Ajay‌K
‌ umar‌‌Choudhary
C.Neeraj‌N‌ igam D.Rohit‌J‌ ain

Q) ‌Public‌s‌ ector‌i‌nsurer‌‌The‌‌New‌‌India‌‌Assurance‌C
‌ o‌‌Ltd‌‌(NIACL)‌h‌ as‌‌been‌r‌ eclassified‌‌as‌‌a‌‌'public‌‌shareholder‘‌‌of‌‌which
bank?
A.ICICI‌B‌ ank ‌B.Axis‌B ‌ ank
C.Yes‌‌Bank D.HDFC‌‌Bank

Q) ‌RBI‌‌has‌‌joined‌‌the‌‌Central‌‌Banks‌a‌ nd‌‌Supervisors‌‌Network‌‌for‌‌Greening‌‌the‌‌Financial‌S
‌ ystem‌‌(NGFS).‌‌Where‌‌is‌H
‌ Qs‌‌of
NGFS‌‌located?
A.Paris B.New‌‌York
C.London D.Rome

● Launched‌‌at‌‌the‌P‌ aris‌O
‌ ne‌P
‌ lanet‌‌Summit‌‌on‌‌December‌‌12,‌‌2017,‌‌the‌‌NGFS‌‌is‌‌a‌g‌ roup‌o‌ f‌c‌ entral‌b‌ anks‌‌and
supervisors‌‌willing‌‌to‌‌share‌‌best‌‌practices‌‌and‌c‌ ontribute‌‌to‌t‌he‌‌development‌‌of‌‌environment‌‌and‌‌climate‌‌risk
management‌‌in‌‌the‌‌financial‌‌sector,‌‌while‌‌mobilising‌m ‌ ainstream‌‌finance‌‌to‌‌support‌‌the‌‌transition‌‌towards‌‌a
sustainable‌‌economy.
● Location‌‌-‌‌Paris,‌‌France

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Q)‌W‌ hich‌‌country‌h‌ as‌a‌ dded‌‌cryptocurrency‌‌firms‌‌to‌‌money‌‌laundering‌‌and‌‌terror‌‌financing‌r‌ ules?‌ ‌
A.Denmark‌ ‌B.Turkey‌ ‌
C.Israel‌ D.India‌ ‌
‌
Q)‌‌Kotak‌M ‌ ahindra‌L ‌ ife‌‌Insurance‌‌Company‌‌Limited‌‌(KLI)‌‌has‌‌appointed‌‌whom‌‌as‌‌managing‌d‌ irector‌o‌ f‌t‌he‌c‌ ompany?‌ ‌
A.Mahesh‌B ‌ alasubramanian‌‌ B.Suresh‌‌Agarwal‌ ‌
C.Sunil‌S ‌ harma‌ D.Muralikrishna‌‌Cheruvu‌ ‌
‌
● ‌Kotak‌M ‌ ahindra‌‌Life‌‌Insurance‌‌Company‌‌Limited‌‌(KLI)‌‌has‌‌appointed‌‌Mahesh‌‌Balasubramanian‌‌as‌‌managing‌‌
director‌‌of‌t‌he‌‌company.‌ ‌
● Suresh‌A ‌ garwal‌‌has‌‌been‌‌elevated‌‌to‌‌MD‌‌&‌‌CEO‌‌of‌‌Kotak‌G ‌ eneral‌I‌ nsurance.‌ ‌
‌
Q)‌‌SEBI‌h‌ as‌‌asked‌t‌he‌‌companies‌‌to‌‌pay‌‌the‌‌minimum‌o‌ f‌‌what‌‌percent‌‌of‌‌the‌‌salary‌‌of‌t‌he‌‌key‌‌employees‌‌of‌‌asset‌‌
management‌c‌ ompanies‌‌(AMCs)‌‌to‌‌be‌‌in‌M ‌ utual‌‌Fund‌‌units?‌ ‌
A.20%‌ B.10%‌ ‌
C.25%‌ D.12%‌ ‌
‌
Q)‌R‌ eserve‌‌Bank‌‌of‌I‌ ndia‌‌has‌‌imposed‌a‌ ‌p‌ enalty‌o‌ f‌‌how‌‌much‌‌amount‌‌on‌‌ICICI‌‌Bank‌‌over‌‌violation‌‌of‌r‌ ules?‌ ‌
A.Rs‌3‌ ‌‌Crore‌ B.Rs‌‌2‌‌Crore‌ ‌
C.Rs‌‌4‌‌Crore‌ D.Rs‌‌5‌‌Crore‌ ‌
‌
Q)‌T‌ he‌‌Reserve‌‌Bank‌o‌ f‌I‌ ndia‌‌will‌‌provide‌‌a‌‌term-liquidity‌f‌ acility‌o‌ f‌‌₹‌‌_______‌‌crore‌‌for‌‌emergency‌‌medical‌‌services‌‌for‌a‌ ‌‌
period‌‌of‌‌3‌‌years?‌ ‌
A.₹20,000‌‌crore‌‌ ‌B.₹50,000‌‌crore‌‌ ‌
C.₹70,000‌‌crore‌‌ D.₹45,000‌‌crore‌‌ ‌
‌
Q)‌‌The‌‌Reserve‌‌Bank‌‌of‌‌India‌‌has‌‌constituted‌‌an‌‌advisory‌‌group‌‌under‌‌whose‌‌chairmanship‌‌to‌‌assist‌‌the‌‌second‌R ‌ egulatory‌‌
Review‌A ‌ uthority‌‌(RRA‌‌2.0)?‌ ‌
A.S‌J‌ anakiraman‌ B.Aswini‌‌Kumar‌T ‌ ewari‌ ‌
C.Mahesh‌‌Pandey‌‌ D.Narendra‌‌Singh‌ ‌
‌
Q)‌W‌ hich‌‌bank‌h‌ as‌b‌ een‌‌selected‌‌as‌‌a‌‌digital‌‌payments‌‌partner‌‌by‌‌the‌‌National‌A ‌ griculture‌‌Market‌(‌ eNAM)?‌ ‌
A.Kotak‌M ‌ ahindra‌B ‌ ank‌ B.State‌B ‌ ank‌o‌ f‌I‌ ndia‌ ‌
C.Bank‌o‌ f‌B ‌ aroda‌ D.Axis‌B ‌ ank‌ ‌
‌
Q)‌W‌ hich‌b‌ ank‌h‌ as‌b‌ een‌‌excluded‌‌by‌‌Reserve‌‌Bank‌o‌ f‌‌India‌(‌ RBI)‌f‌ rom‌‌the‌‌Second‌‌
Schedule‌‌of‌‌the‌‌RBI‌‌Act‌‌as‌‌the‌‌bank‌‌was‌‌merged‌‌with‌‌DBS‌‌Bank‌‌India‌‌Ltd‌‌(DBIL)?‌ ‌
A.Nainital‌‌Bank‌‌ B.Dhanlaxmi‌‌Bank‌ ‌
C.Bandhan‌‌Bank‌ ‌D.Lakshmi‌‌Vilas‌‌Bank‌ ‌
‌
Q)‌I‌ ndia‌‌and‌‌European‌‌Investment‌‌Bank‌‌(EIB)‌‌have‌s‌ igned‌t‌he‌‌finance‌‌contract‌‌for‌‌the‌‌
second‌‌tranche‌‌of‌‌Euro‌‌150‌‌million‌‌for‌‌which‌‌Metro‌‌Rail‌‌project?‌ ‌
A.Bangalore‌‌Metro‌ B.Delhi‌‌Metro‌ ‌
C.Pune‌‌Metro‌ D.Kolkata‌‌Metro‌ ‌
‌
Q)‌‌Who‌‌is‌‌the‌‌head‌‌of‌‌the‌‌technical‌‌group‌‌on‌‌social‌s‌ tock‌‌exchanges‌‌(SSEs)‌‌constituted‌b‌ y‌‌
SEBI?‌ ‌
A.‌‌Ananta‌‌Barua‌‌ B.Madhabi‌P ‌ uri‌‌Buch‌ ‌
C.Harsh‌‌Bhanwala‌‌ D.‌‌S.‌‌K.‌M‌ ohanty‌ ‌
‌
● A‌‌technical‌‌group‌‌on‌‌social‌‌stock‌‌exchanges‌(‌ SSEs),‌‌under‌t‌he‌‌chairmanship‌o‌ f‌‌
Harsh‌‌Bhanwala‌ ‌

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 ● constituted‌‌by‌‌the‌‌Securities‌‌and‌‌Exchange‌‌Board‌‌of‌‌India‌‌(SEBI),‌‌has‌‌recommended‌t‌hat‌p‌ olitical‌‌and‌r‌ eligious‌‌
organisations,‌‌trade‌‌organisations‌‌as‌‌well‌‌as‌‌corporate‌‌foundations‌‌should‌‌not‌‌be‌‌allowed‌t‌o‌r‌ aise‌f‌ unds‌‌through‌‌
SSEs.‌ ‌
● SEBI‌‌set‌‌up‌‌the‌‌technical‌‌group‌‌in‌‌September,‌‌former‌‌chairman‌‌of‌‌NABARD.‌ ‌
‌
Q)‌‌Which‌‌Bank‌a‌ nd‌‌Common‌‌Services‌‌Centres‌‌(CSCs)‌‌together‌‌have‌‌launched‌‌chatbot‌‌‘Eva’‌‌on‌‌CSCs‌‌Digital‌‌Seva‌‌Portal?‌ ‌
A.Axis‌‌Bank‌ ‌B.HDFC‌‌Bank‌ ‌
C.Yes‌B ‌ ank‌ D.ICICI‌‌Bank‌ ‌
‌
Q)‌‌Who‌‌has‌‌been‌‌named‌‌the‌‌Chief‌‌Executive‌O ‌ fficer‌‌of‌t‌he‌‌National‌A ‌ sset‌R
‌ econstruction‌‌Company‌‌Limited‌‌(NARCL)?‌ ‌
A.Dinesh‌‌Kumar‌‌Khara‌ B.Ashwani‌‌Bhatia‌ ‌
C.Padmakumar‌M ‌ ‌N‌ air‌‌ D.Sanjeev‌‌Maheshwari‌ ‌
‌
Q)‌‌Which‌‌company‌‌has‌‌received‌‌permission‌‌from‌‌Reserve‌‌Bank‌‌of‌I‌ ndia‌‌(RBI)‌‌to‌‌enter‌t‌he‌‌prepaid‌‌payment‌‌business?‌ ‌
A.Muthoot‌‌Finance‌ ‌B.Bajaj‌‌Finance‌ ‌
C.Home‌‌Credit‌ D.Cholamandalam‌‌ ‌
‌
● RBI‌‌okays‌‌Bajaj‌‌Finance's‌‌foray‌‌into‌‌prepaid‌p‌ ayment‌b‌ usiness‌ ‌
● Bajaj‌‌Finance‌‌is‌‌all‌‌set‌‌to‌‌join‌‌Paytm‌‌and‌‌Amazon‌i‌n‌‌the‌p‌ repaid‌‌payment‌b‌ usiness‌‌as‌‌the‌R ‌ BI‌‌(Reserve‌‌Bank‌‌of‌‌
India)‌‌has‌‌approved‌‌the‌‌company’s‌‌foray‌‌into‌‌the‌s‌ egment‌‌with‌p‌ erpetual‌‌validity.‌ ‌
● This‌‌will‌b‌ ecome‌‌a‌‌part‌‌of‌‌Bajaj‌‌Pay,‌‌which‌‌is‌‌the‌‌company’s‌b‌ id‌‌to‌‌provide‌‌an‌‌integrated‌‌platform‌‌for‌a‌ ll‌‌payments‌‌
solutions.‌ ‌
What‌‌are‌‌Prepaid‌‌Payment‌‌Instruments‌‌(PPIs)?‌ ‌
● Simply‌‌put,‌P ‌ PIs‌‌help‌‌you‌‌avail‌‌goods,‌‌services,‌f‌ und‌‌transfers‌‌and‌‌remittances‌‌against‌‌a‌‌pre-stored‌‌value‌‌on‌t‌he‌‌
instrument.‌ ‌
● Bajaj‌‌Finance‌‌gears‌‌to‌‌enter‌‌the‌s‌ emi-closed‌P ‌ PI‌s‌ ystem‌‌ ‌
● Closed‌‌System‌‌PPIs:‌T ‌ hese‌P
‌ PIs‌d‌ o‌‌not‌a‌ llow‌f‌ or‌‌cash‌‌withdrawals‌‌or‌‌third‌‌party‌‌fund‌‌transfers.‌Y‌ ou‌c‌ an‌u‌ se‌t‌he‌‌
system‌‌in‌o‌ rder‌‌to‌‌pay‌‌for‌‌availing‌‌goods‌‌and‌‌services‌‌only‌‌against‌‌a‌‌specific‌‌merchant‌‌or‌‌entity.‌‌ ‌
● Semi-closed‌‌System‌‌‌PPIs,‌‌on‌‌the‌‌other‌‌hand,‌o‌ ffer‌‌a‌‌greater‌‌range‌‌of‌‌merchants‌‌and‌e‌ stablishments.‌Y ‌ ou‌‌can‌‌make‌‌
payments‌‌to‌‌multiple‌‌merchants/‌‌vendors‌‌through‌‌the‌‌system.‌‌Cash‌‌withdrawal,‌‌though,‌‌is‌‌still‌p‌ rohibited.‌ ‌
● Open‌s‌ ystem‌P ‌ PIs‌-‌ ‌‌The‌‌most‌‌commonly‌‌used‌‌PPIs‌‌are‌‌debit‌a‌ nd‌c‌ redit‌‌cards.‌‌You‌c‌ an‌‌make‌‌a‌‌cash‌‌withdrawal‌‌
from‌t‌hese‌P ‌ PIs.‌ ‌
‌
Q)‌‌Which‌S ‌ mall‌F‌ inance‌B ‌ ank‌‌has‌‌launched‌‌“I‌‌choose‌‌my‌‌number”‌‌feature‌‌for‌‌all‌‌its‌c‌ ustomers‌a‌ cross‌‌India?‌ ‌
A.Ujjivan‌S ‌ mall‌F‌ inance‌B ‌ ank‌ B.Janalakshmi‌S ‌ mall‌‌Finance‌‌Bank‌ ‌
C.Equitas‌S ‌ mall‌‌Finance‌‌Bank‌ ‌D.Jana‌‌Small‌F ‌ inance‌B ‌ ank‌ ‌
‌
Q)‌J‌ ose‌J‌ ‌K
‌ attoor‌‌has‌‌been‌‌appointed‌‌as‌‌the‌‌Executive‌‌Director‌(‌ ED)‌o‌ f‌‌which‌‌among‌‌the‌‌following?‌ ‌
A.RBI‌ B.SEBI‌ ‌
C.SIDBI‌ D.SBI‌ ‌
‌
Q)‌W‌ hich‌f‌ inancial‌‌Services‌‌Company‌‌has‌‌launched‌‌a‌‌public‌a‌ wareness‌‌campaign‌‌“Savdhan‌R ‌ ahein,‌S
‌ afe‌‌Rahein”?‌ ‌
A.Home‌C ‌ redit‌ ‌B.Bajaj‌F‌ inserv‌ ‌
C.Muthoot‌‌Finance‌‌ D.Capital‌‌First‌‌Limited‌ ‌
‌
Q)‌‌United‌‌Nations‌‌in‌‌its‌‌World‌‌Economic‌‌Situation‌‌and‌‌Prospects‌‌report‌h‌ as‌p‌ rojected‌‌India’s‌‌GDP‌‌growth‌‌for‌‌calendar‌‌year‌‌
2021‌‌at‌‌what‌‌per‌‌cent?‌ ‌
A.7.5%‌ B.6.1%‌ ‌
C.8.2%‌ D.7.2%‌ ‌
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Q)‌O‌ nline‌‌investment‌p‌ latform‌‌Groww‌‌has‌‌announced‌‌to‌‌acquire‌‌which‌‌Mutual‌‌Fund‌‌for‌R ‌ s‌1‌ 75‌‌crore?‌ ‌
A.L&T‌‌Mutual‌‌Fund‌ B.Kotak‌‌Mahindra‌‌Mutual‌‌Fund‌ ‌
C.Franklin‌‌Templeton‌M ‌ utual‌‌Fund‌ ‌D.Indiabulls‌‌Mutual‌F ‌ und‌ ‌
‌
Q)‌‌Which‌N ‌ BFC‌h‌ as‌‌announced‌‌its‌‌collaboration‌‌with‌‌fintech‌‌NIRA‌‌to‌‌offer‌‌personal‌‌loans‌o‌ f‌u‌ p‌t‌o‌₹‌ 1‌l‌akh‌t‌o‌‌salaried‌‌
customers?‌ ‌
A.‌ ‌Bajaj‌F‌ inance‌L ‌ imited‌ ‌B.Muthoot‌F ‌ inance‌L ‌ td‌ ‌
C.HDB‌F ‌ inance‌S ‌ ervices‌ D.Tata‌‌Capital‌‌Financial‌‌Services‌‌Ltd‌ ‌
‌
Q)‌‌Which‌‌IIT‌i‌nstitute‌h‌ as‌‌partnered‌‌with‌‌the‌‌Mobile‌‌Payment‌‌Forum‌‌of‌I‌ ndia‌‌(MPFI)‌‌to‌d‌ evelop‌v‌ oice-based‌‌solutions‌t‌o‌‌
boost‌D‌ igital‌M ‌ oney‌‌Transactions‌‌in‌‌India?‌ ‌
A.IIT‌‌Delhi‌‌ B.IIT‌‌Bombay‌ ‌
C.IIT‌M ‌ adras‌ D.IIT‌‌Kanpur‌ ‌
‌
Q)‌‌Geojit‌‌Financial‌‌Services‌‌has‌‌signed‌‌an‌‌agreement‌‌with‌‌which‌‌bank‌‌to‌‌offer‌‌a‌‌three-in-one‌‌account?‌ ‌
A.Bank‌‌of‌‌Baroda‌ ‌B.Punjab‌‌National‌‌Bank‌ ‌
C.State‌‌Bank‌‌of‌‌India‌ D.Indian‌‌Bank‌ ‌
‌
● RBI‌‌announces‌‌Second‌‌Tranche‌‌of‌‌purchase‌‌under‌‌G-SAP‌‌1.0‌ ‌
● The‌‌first‌‌auction‌‌under‌‌G-SAP‌‌1.0‌‌conducted‌‌on‌‌April‌‌15,‌‌2021‌‌for‌a‌ ‌‌notified‌‌amount‌‌of‌‌₹25,000‌‌crore‌‌elicited‌‌an‌‌
enthusiastic‌r‌ esponse,‌‌the‌‌RBI‌‌governor‌‌had‌‌said.‌‌ ‌
● The‌‌Reserve‌B ‌ ank‌‌conducted‌‌the‌‌second‌‌tranche‌o‌ f‌‌open‌‌market‌‌purchase‌‌of‌g‌ overnment‌‌securities‌‌of‌‌₹35,000‌c‌ rore‌‌
under‌‌the‌‌G-sec‌‌Acquisition‌‌Programme‌‌(G-SAP‌‌1.0)‌‌on‌M ‌ ay‌‌20,‌‌2021‌ ‌
● ‌RBI‌‌decided‌‌to‌‌conduct‌‌another‌‌operation‌‌under‌G ‌ -SAP‌‌1.0‌‌for‌‌purchase‌‌of‌‌G-Secs‌‌of‌‌₹40,000‌‌crore‌‌on‌‌June‌‌17,‌‌
2021.‌ ‌
● It‌‌has‌a‌ lso‌b‌ een‌‌decided‌‌to‌‌undertake‌‌G-SAP‌‌2.0‌‌in‌‌Q2:2021-22‌‌and‌‌conduct‌‌secondary‌‌market‌‌purchase‌‌operations‌‌
of‌‌₹1.20‌‌lakh‌c‌ rore‌‌to‌‌support‌‌the‌‌market‌ ‌
‌
Q)‌‌A‌‌document‌t‌hat‌‌acts‌a‌ s‌‌a‌‌proof‌‌in‌‌India‌‌for‌‌all‌‌inward‌r‌ emittances‌‌and‌‌payments‌‌received‌‌from‌‌abroad‌‌is‌‌known‌‌as?‌ ‌
A.EFRA‌ B.HFRA‌ ‌
C.FIRA‌ D.FCRA‌ ‌
‌
● RBI‌‌to‌c‌ onduct‌‌first‌‌SLTRO‌‌of‌‌Rs‌‌10,000‌c‌ r‌f‌ or‌s‌ mall‌‌finance‌‌banks‌ ‌
● The‌‌Reserve‌‌Bank‌‌of‌‌(RBI)‌‌conducted‌‌one‌s‌ pecial‌‌long‌‌term‌‌repo‌‌operation‌‌(SLTRO)‌‌for‌‌small‌‌finance‌‌banks‌‌(SFB)‌‌
for‌e‌ ach‌m
‌ onth,‌‌totaling‌‌Rs‌‌10,000‌c‌ rore.‌ ‌
● The‌f‌ irst‌a‌ uction‌‌of‌‌Rs‌‌10,000‌c‌ rore‌‌took‌‌place‌‌on‌‌May‌‌17,‌‌and‌‌the‌‌unutilized‌‌portion‌‌will‌‌be‌‌auctioned‌‌on‌J‌ une‌‌15.‌ ‌
● The‌S ‌ LTRO‌‌will‌‌be‌‌valid‌f‌ or‌‌three‌‌years.‌‌All‌‌SFBs‌‌will‌‌be‌‌eligible‌‌to‌‌participate‌‌in‌t‌he‌‌scheme,‌w ‌ hich‌‌was‌‌
announced‌‌by‌‌RBI‌‌Governor‌‌Shaktikanta‌‌Das‌‌on‌M ‌ ay‌‌5‌‌to‌m ‌ itigate‌‌Covid‌‌related‌‌dislocations.‌ ‌
● However,‌‌the‌‌SFBs‌‌will‌‌have‌‌to‌‌ensure‌‌that‌‌the‌‌amount‌‌borrowed‌f‌ rom‌t‌he‌‌RBI‌s‌ hould‌‌at‌‌all‌‌times‌‌be‌‌let‌‌to‌‌the‌‌
specified‌‌segments,‌‌namely‌‌small‌‌business‌‌units‌‌and‌‌other‌u‌ norganised‌s‌ ectors‌i‌mpacted‌‌by‌‌the‌p‌ andemic.‌ ‌
● The‌‌fresh‌‌lending‌‌can‌‌be‌‌done‌‌for‌‌loans‌‌of‌‌up‌‌to‌R ‌ s‌1‌ 0‌l‌akh.‌‌There‌‌will‌b‌ e‌‌no‌t‌enor‌‌restriction‌‌regarding‌‌lending‌b‌ y‌‌
SFBs‌‌under‌‌the‌‌scheme.‌ ‌
● Furthermore,‌‌SFBs‌‌should‌‌endeavour‌‌to‌‌lend‌‌within‌‌a‌‌reasonable‌p‌ eriod,‌‌i.e.,‌‌not‌l‌ater‌‌than‌‌30‌‌days‌‌from‌‌the‌‌date‌‌of‌‌
availing‌‌the‌f‌ unds‌f‌ rom‌R ‌ BI.‌ ‌
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