15 Questions
What is the minimum percentage of randomly selected obligors that should be verified if MRR is >=10%?
Minimum one-third (34%)
What is the procedure to be followed for Due Diligence at Pre-Disbursement Stage for KYC?
100% verification of KYC documents and Loan documents by bank officials
Who should cross verify the information obtained under KYC norms at the pre-disbursement stage?
Branch Manager and nominated officer from ZO
Under what condition is minimum 34% verification of randomly selected obligors required?
If MRR is greater than 10%
Which of the following is true about Lobby ATMs?
They are treated as Offsite ATMs
What differentiates Onsite ATMs from Lobby ATMs?
They have a separate entrance connected to the branch network
How are Offsite ATMs different from Lobby and Onsite ATMs?
They have a separate network connection
What is the classification of ATM / Cash Recycler and Passbook kiosks installed in the same premises?
E Lounge
What is the criteria for deploying additional Cash Recyclers?
$100 average ATM daily hits
What is the main reason for the installation of Offsite ATMs?
To provide 24/7 access to customers
What is the minimum space required for E lounge?
Approx. 80sq ft
What is the minimum space required for Multiple ATMs?
Approx. 80sq ft
Who will monitor and ensure timely replacement of ATMs?
CO DBD
Who will fix the cash retention limit for zone?
CO BOD
Who is responsible for doing periodical cost benefit analysis?
CO BOD
Learn about the procedure for Due Diligence at the Pre-Disbursement Stage for KYC and other important information related to Pooled Assets in Indian Bank Management Academy's FAQ on SOP for Pooled Assets.
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