Contemporary Corporate Training & Development Institute - October 2023 Monthly Update
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Questions and Answers

What is the significance of the Reserve Bank of India's approval mentioned in the text?

  • It prohibits Life Insurance Corporation of India from acquiring any share capital or voting rights of HDFC Bank Limited.
  • It signifies that Life Insurance Corporation of India has acquired 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited.
  • It allows Life Insurance Corporation of India to acquire up to 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited. (correct)
  • It restricts Life Insurance Corporation of India from acquiring more than 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited.

    • What is the regulatory basis for the information disclosed in the text?

  • Regulation 40 of the SEBI Listing Regulations
  • Regulation 30 of the SEBI Listing Regulations (correct)
  • Regulation 25 of the SEBI Listing Regulations
  • Regulation 15 of the SEBI Listing Regulations

    • What is the nature of the communication from RBI to Life Insurance Corporation of India as mentioned in the text?

  • Approval for acquiring up to 9.99% of the paid-up share capital or voting rights of HDFC Bank Limited (correct)
  • Rejection of the application for acquiring shares in HDFC Bank Limited
  • Approval for acquiring 15% of the paid-up share capital or voting rights of HDFC Bank Limited
  • Approval for acquiring a majority stake in HDFC Bank Limited

    • What was the decision made by the Monetary Policy Committee (MPC) in the October 2023 meeting?

    <p>To maintain the policy repo rate at 6.50%</p> Signup and view all the answers

    How many consecutive meetings of the MPC have resulted in maintaining the status quo on the repo rate?

    <p>Four meetings</p> Signup and view all the answers

    What is the significance of the PM Vishwakarma Scheme mentioned in the text?

    <p>It aims to promote skill development</p> Signup and view all the answers

    What does '25 bps' represent in the context of the text?

    <p>25 basis points</p> Signup and view all the answers

    What is the purpose of the CGTMSE mentioned in the text?

    <p>To provide credit guarantees to micro and small enterprises</p> Signup and view all the answers

    Based on the GDP outlook, what is the projected real GDP growth for Q4:2023-24 according to the text?

    <p>5.7 per cent</p> Signup and view all the answers

    What is the current policy Repo rate under the Liquidity Adjustment Facility (LAF) according to the text?

    <p>6.50 per cent</p> Signup and view all the answers

    According to the text, what is the current CRR of scheduled banks?

    <p>4.50 percent</p> Signup and view all the answers

    What is the projected CPI inflation for Q1:2024-25 based on the information provided?

    <p>5.2 per cent</p> Signup and view all the answers

    Which monetary policy tool has been retained at 18 percent of NDTL for scheduled commercial banks based on the text?

    <p>Statutory Liquidity Ratio (SLR)</p> Signup and view all the answers

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