Professional Documents
Culture Documents
Q7. According to KYC guidelines which are the three documents that are mandated by RBI?
Ans. Following are the documents that are mandated by RBI in accordance to KYC guidelines:-
- Photograph
- Proof of identity
- Proof of address
Q14. What are the indicators of good SHGs (Self Help Groups)?
Ans. Following are the indicators of good SHGs:-
- Homogeneous membership
- No discrimination
- Small membership
- Regular attendance
- Transparency in functions
- Set of byelaws
- Thrift
- Utilising savings for loaning
Q29. What is Credit Guarantee Funds for SSIs and its features?
Ans. Credit Guarantee Funds for SSIs was introduced in 2000-01 and later extended by lending institutions to
eligible borrowers has been formed by Central Government and SIDBI for covering collateral free credit
facilities.
- Eligible borrowers are the new or existing SSI units including IT and software industries. The amount of
credit facilities are based on the way of working capital not exceeding 25 lacs.
- Guarantee cover is the maximum cover available per eligible borrower which shall not exceed 75% of the
amount in default in respect of credit facilities.
- Account of default would mean the principle amount of outstanding in the account of the borrower for
Working capital or Term Loan including interest.
- The lending institution has to apply for a guarantee cover within 90 days from the date of sanction.
- Trust can terminate its liabilities in certain cases such borrower becoming ineligible.
- Lending institutions shall submit statements or information’s as required by the trust.
Q37. How many series of consumer price index (CPI) are there?
Ans. Acronym for ALCO is “asset-liability management committee”. It is a strategic decision making body,
formulating and overseeing the function of asset liability and management (ALM) OF BANK.