Banks can open which type of account for a foreign student on the basis of his/her passport (with visa & immigration endorsement) bearing the proof of identity and address in the home country, together with a photograph and a letter offering admission from the educational institution in India?

Which of the following is included in Officially Valid Document (OVD) for KYC purposes? (1) passport, (2) driving licence, (3) proof of possession of Aadhaar number, (4) Voter's Identity Card issued by the Election Commission of India, (5) job card issued by NREGA duly signed by an officer of the State Government, (6) Permanent account number issued by Income Tax Dept.

In respect of Pre-paid payment instruments for credit towards cross-border inward remittances, what is the maximum amount from individual inward MTSS remittances which is permitted to be loaded/reloaded in full-KYC PPIs issued to beneficiaries?

Banks have the freedom to determine the maturity/tenor of the Rupee deposit of non-residents. However, the minimum tenor of NRE term deposits shall be _____ and that of NRO term deposits shall be _____.

When a borrower defaults in meeting payment obligations to the lender, he can be declared willful defaulter, if which of the following condition is satisfied? (1) borrower has the capacity to honour the said obligations; (2) borrower has diverted the funds availed under loans; (3) borrower has siphoned off the funds availed under loans; (4) borrower has disposed of immovable or movable assets which were securing the credit facility, without the approval of the lender; (5) The borrower or the promoter failed in commitment to the lender to infuse equity despite having the ability to infuse, although the lender has provided loans or certain concessions to the borrower based on this commitment.

Under the Bharat Bill Payment System, the entity which provides its customers with an interface (physical/digital) to pay bills, either directly or through agent institution(s), is known as?

For walk-in customers what is amount for carrying out transactions only after customer due diligence?

In the case of FCNR (B) deposits, what type of deposit can be accepted?

Investor, who has remitted funds under LRS can retain, reinvest the income earned on the investments. The received /realised/ unspent/ unused foreign exchange, unless reinvested, shall be repatriated and surrendered to an authorised person within what period?

As per RBI's Master Direction on the Scheme of Penalties for bank branches and currency chests for deficiency in rendering customer service to members of public, for mutilated notes (including deliberately cut notes and built-up notes) detected in soiled note remittances and currency chest balances, what is penalty, in addition to loss?

For a Core Investment Company, the adjusted Net Worth shall, at no point of time, be less than ___% of its aggregate risk-weighted assets on the balance sheet?

X has got a permanent residency visa for Canada and he is shifting to Canada soon. He has SB and FD accounts with SBI, which he wants to retain. What action shall be required to be taken by SBI?

A borrower is availing Cash credit and term loan. Instalment in term loan is repaid regularly. But CC account has become NPA. What is correct classification of these accounts?

Banks shall, at their option, specify interest reset dates on their floating rate loans under the MCLR system. What shall be the periodicity of the reset for this purpose?

If an account meeting the CRILC reporting threshold by the reporting entity, is red flagged, it shall be reported to the Reserve Bank within how much period of being red flagged?

Banks are free to decide the spread over the external benchmark. The credit risk premium may undergo a change only when the borrower’s credit assessment undergoes a substantial change, as agreed upon in the loan contract. The other components of the spread, including operating cost, could be altered by banks, once in which period?

For cases of detection of how many Counterfeit Notes in a single transaction, the Counterfeit Notes shall be forwarded immediately by the Nodal Bank Officer to the local police authorities or the Nodal Police Station for investigation by filing FIR in the prescribed format.

Under the Bharat Bill Payment System, which entity is authorized to operate as Bharat Bill Pay Central Unit (BBPCU)?

Z, an NRI, intends to avail an interest-free loan in India from his father in India, which shall be given by way of a crossed cheque. What is the maximum amount of such loan, the minimum maturity of such loan, and where can this loan be credited?

In the case of minimum details Pre-paid payment instruments (or Small PPIs), the minimum details include (1) self-declaration of name, (2) OVD, and (3) _____?