Correct option is C
RBI mandates that only jewellery of minimum 22 karat purity up to 24 karat is accepted for granting gold loans.
This ensures the security of lending institutions and minimizes risk of low-quality collateral.
As per RBI guidelines, what is the minimum gold purity required for availing gold loans?
RBI mandates that only jewellery of minimum 22 karat purity up to 24 karat is accepted for granting gold loans.
This ensures the security of lending institutions and minimizes risk of low-quality collateral.
Suggested Test Series
Suggested Test Series
According to RBI guidelines, banks are required to put in place an escrow mechanism for borrowers whose aggregate exposure in the banking system is equal to or above which amount?
As per the Reserve Bank of India (RBI) guidelines on the conduct of guarantee business, banks are advised to issue guarantees with shorter maturities to minimize risk. Under these norms, what is the maximum normal maturity period permitted for a bank guarantee, beyond which special approval and policy measures are required?
According to RBI guidelines, if five or more counterfeit notes are detected in a single transaction, what action must the Nodal Bank Officer take?
Under the Basic Savings Bank Deposit Account (BSBDA) scheme introduced by the Reserve Bank of India (RBI) to promote financial inclusion and provide basic banking services free of cost, how many free withdrawals per month (including ATM transactions) are typically permitted?