Podcast
Questions and Answers
What is the purpose of enabling unencrypted mobile banking subject to RBI regulations?
What is the purpose of enabling unencrypted mobile banking subject to RBI regulations?
- To ensure transparency and security in mobile transactions
- To provide a more secure mobile banking experience
- To encourage more KCC holders to use mobile banking
- To comply with RBI regulations on transaction limits (correct)
What type of solution is recommended for mobile based transaction platforms in the KCC?
What type of solution is recommended for mobile based transaction platforms in the KCC?
- Biometric authentication
- Application based encryption
- Interactive Voice Response (IVR) in local language
- SMS based solution with authentication thru' MPIN (correct)
How can banks provide secured SMS based mobile banking facility to card holders?
How can banks provide secured SMS based mobile banking facility to card holders?
- By offering IVR in foreign languages
- By implementing magnetic stripe and biometric authentication
- By creating awareness about mobile banking
- By providing call back facility from bank for mobile PIN (MPIN) verification through IVR (correct)
What should all KCC holders be provided with, according to the text?
What should all KCC holders be provided with, according to the text?
What recent relaxation has allowed banks to offer fully encrypted modes of transactions?
What recent relaxation has allowed banks to offer fully encrypted modes of transactions?
What is the main reason for encouraging banks to create awareness and provide customer education about mobile based payment systems?
What is the main reason for encouraging banks to create awareness and provide customer education about mobile based payment systems?
In addition to IVR, what facility can banks provide for mobile PIN (MPIN) verification to ensure secure SMS based mobile banking?
In addition to IVR, what facility can banks provide for mobile PIN (MPIN) verification to ensure secure SMS based mobile banking?
What should be the nature of transactions that are enabled on IVR in local language for KCC holders?
What should be the nature of transactions that are enabled on IVR in local language for KCC holders?
What is the main focus of the Master Direction DBR.Dir.No.85/13.03.00/2015-16?
What is the main focus of the Master Direction DBR.Dir.No.85/13.03.00/2015-16?
What is the role of the Working Group on NGOs and SHGs as mentioned in the text?
What is the role of the Working Group on NGOs and SHGs as mentioned in the text?
What is the subject of Master Direction - Know Your Customer (KYC) Direction, 2016?
What is the subject of Master Direction - Know Your Customer (KYC) Direction, 2016?
What does the Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016, focus on?
What does the Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016, focus on?
What is the primary recommendation regarding Self Help Groups (SHGs) and banks?
What is the primary recommendation regarding Self Help Groups (SHGs) and banks?
What is the purpose of the Credit Information Reporting in respect of Self Help Group (SHG) members?
What is the purpose of the Credit Information Reporting in respect of Self Help Group (SHG) members?
What does the Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016, aim to regulate?
What does the Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016, aim to regulate?
What is the primary goal of micro credit and micro finance as mentioned in the text?
What is the primary goal of micro credit and micro finance as mentioned in the text?
What does the Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016, focus on?
What does the Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016, focus on?
What is the main objective of submitting progress reports under micro credit as per the text?
What is the main objective of submitting progress reports under micro credit as per the text?
What is the frequency at which the progress under SHG-BLP should be reported to NABARD?
What is the frequency at which the progress under SHG-BLP should be reported to NABARD?
When should the returns in the prescribed format be submitted to NABARD?
When should the returns in the prescribed format be submitted to NABARD?
Which department of NABARD should the progress under SHG-BLP be reported to?
Which department of NABARD should the progress under SHG-BLP be reported to?
What is the date of the circular titled RPCD.PL.BC.28/04.09.22/99-2000?
What is the date of the circular titled RPCD.PL.BC.28/04.09.22/99-2000?
When was the circular RPCD.No.Plan.BC.61/04.09.22/2003-04 issued?
When was the circular RPCD.No.Plan.BC.61/04.09.22/2003-04 issued?
What is the significance of the circular RPCD.CO.MFFI.BC.No.103/12.01.01/2006-07?
What is the significance of the circular RPCD.CO.MFFI.BC.No.103/12.01.01/2006-07?
What do banks need to adhere to in respect of credit information reporting for SHG members?
What do banks need to adhere to in respect of credit information reporting for SHG members?
