Podcast
Questions and Answers
What is the minimum percentage of randomly selected obligors that should be verified if MRR is >=10%?
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?
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?
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?
Under what condition is minimum 34% verification of randomly selected obligors required?
Which of the following is true about Lobby ATMs?
Which of the following is true about Lobby ATMs?
What differentiates Onsite ATMs from Lobby ATMs?
What differentiates Onsite ATMs from Lobby ATMs?
How are Offsite ATMs different from Lobby and Onsite ATMs?
How are Offsite ATMs different from Lobby and Onsite ATMs?
What is the classification of ATM / Cash Recycler and Passbook kiosks installed in the same premises?
What is the classification of ATM / Cash Recycler and Passbook kiosks installed in the same premises?
What is the criteria for deploying additional Cash Recyclers?
What is the criteria for deploying additional Cash Recyclers?
What is the main reason for the installation of Offsite ATMs?
What is the main reason for the installation of Offsite ATMs?
What is the minimum space required for E lounge?
What is the minimum space required for E lounge?
What is the minimum space required for Multiple ATMs?
What is the minimum space required for Multiple ATMs?
Who will monitor and ensure timely replacement of ATMs?
Who will monitor and ensure timely replacement of ATMs?
Who will fix the cash retention limit for zone?
Who will fix the cash retention limit for zone?
Who is responsible for doing periodical cost benefit analysis?
Who is responsible for doing periodical cost benefit analysis?
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