Indian Bank Management Academy: SOP for Pooled Assets FAQ
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Questions and Answers

What is the minimum percentage of randomly selected obligors that should be verified if MRR is >=10%?

  • Minimum 75%
  • Minimum one-third (34%) (correct)
  • Minimum 10%
  • Minimum 50%

    • What is the procedure to be followed for Due Diligence at Pre-Disbursement Stage for KYC?

  • Minimum 34% verification of randomly selected obligors by bank officials
  • No due diligence required at the pre-disbursement stage
  • Verification of obligors' premises without contacting them
  • 100% verification of KYC documents and Loan documents by bank officials (correct)

    • Who should cross verify the information obtained under KYC norms at the pre-disbursement stage?

  • Bank employees unrelated to the loan process
  • Branch Manager and nominated officer from ZO (correct)
  • Exteral auditing firms
  • Obligors and Loan officers

    • Under what condition is minimum 34% verification of randomly selected obligors required?

    <p>If MRR is greater than 10%</p> Signup and view all the answers

    Which of the following is true about Lobby ATMs?

    <p>They are treated as Offsite ATMs</p> Signup and view all the answers

    What differentiates Onsite ATMs from Lobby ATMs?

    <p>They have a separate entrance connected to the branch network</p> Signup and view all the answers

    How are Offsite ATMs different from Lobby and Onsite ATMs?

    <p>They have a separate network connection</p> Signup and view all the answers

    What is the classification of ATM / Cash Recycler and Passbook kiosks installed in the same premises?

    <p>E Lounge</p> Signup and view all the answers

    What is the criteria for deploying additional Cash Recyclers?

    <p>$100 average ATM daily hits</p> Signup and view all the answers

    What is the main reason for the installation of Offsite ATMs?

    <p>To provide 24/7 access to customers</p> Signup and view all the answers

    What is the minimum space required for E lounge?

    <p>Approx. 80sq ft</p> Signup and view all the answers

    What is the minimum space required for Multiple ATMs?

    <p>Approx. 80sq ft</p> Signup and view all the answers

    Who will monitor and ensure timely replacement of ATMs?

    <p>CO DBD</p> Signup and view all the answers

    Who will fix the cash retention limit for zone?

    <p>CO BOD</p> Signup and view all the answers

    Who is responsible for doing periodical cost benefit analysis?

    <p>CO BOD</p> Signup and view all the answers

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