Central Bank of India Scale III & IV (Credit) 2023: Exam Analysis

Central Bank of India Scale III & IV (Credit) 2023 exam held on 4th March 2023. As expected it was a Moderate to Difficult paper.

Questions Asked

Loan for directors of other banks' new limit?? (From RBI circulars)
Svanidhi implementation guidelines up to?? (Government Schemes)
Fcnrb deposits rates ARR + what spread (From RBI circulars)
FBil benchmark calculation (From RBI circulars)
Basel 3 implementation date in India (From RBI circulars)
Rtgs 24 hours when implemented?? (From RBI circulars)
Foreign investor's equity shareholding direct and indirect?
Standard asset provisioning??
Suit limitation (Documentation)
Agricultural loan Short duration crop NPA. (IRAC Norms)
Pmfme outlay of funds. (Government Schemes)
Prepaid Instruments for G20 travelers. (From RBI circulars)
Internal ombudsman related (From RBI circulars)
Credit Information Companies charge what fee to credit institutions??
Loan of up to 2 years tenor can be transferred to other banks after how much minimum operation time?? (From RBI circulars)
Loan against shares margin and for guarantees in the capital market what is the minimum margin?? (From RBI circulars)
Foreign exchange not allowed for travel to which country?? (From RBI circulars)
Minimum capital Required for issuing Credit cards and Debit cards?
Deficiency in service definition of Ombudsman?
Which is a Transaction Data based calculated Financial Benchmark covered from rates between 11.30 to 12.30??
Ombudsman complaint processing center at?
Loan for directors of other banks' new limit?

Reserve Bank of India (RBI) has overhauled rules for extending loans to directors of other banks and relatives of directors. As per the amendments, the central bank has allowed banks to extend personal loans up to Rs. 5 crores to directors of other banks and directors' relatives other than spouses without board approval. The earlier limit for such loans was Rs. 25 lakh.

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs on June 01, 2020 for providing affordable Working Capital loans to street vendors to resume their livelihoods that have been adversely affected due to the Covid-19 lockdown.
The duration of the scheme initially was until March 2022. It has been extended till December 2024.

The PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was launched by the Ministry of Housing and Urban Affairs on June 01, 2020 for providing affordable Working Capital loans to street vendors to resume their livelihoods that have been adversely affected due to the Covid-19 lockdown.
The duration of the scheme initially was until March 2022. It has been extended till December 2024.

It has been decided to permit banks to offer interest rates on FCNR (B) deposits using widely accepted ‘Overnight Alternative Reference Rate (ARR) for the respective currency’ with upward revision in the interest rates ceiling by 50 bps.

The object of the Law of Limitation is to prescribe the period within which rights under the documents can be enforced in the Court of Law. It also relieves a person from the constant and continuous threat of being dragged to a court of law once the period of limitation is over. The period of limitation for filing a suit for the recovery of money in case of certain common documents is as under:

	Instrument	Limitation
a.	Demand Promissory Note	3 years from the date of execution
b.	Bill of Exchange payable at a fixed time after date	3 years when the bill falls due
c.	Term Loan agreement with repayment schedule	3 years from the date when the default occurs
d.	To enforce payment of money secured by a mortgage	12 years from the date when the money becomes due
e.	Suit by mortgage for possession of immovable property	12 years from the date when the mortgagee becomes entitled to property mortgaged
f.	Letter of Guarantee	3 years from the date of determination of guarantee
g.	Right of foreclosure by mortgagee	30 years from date when money secured becomes due
h.	Execution of decree	12 years from date of decree
i.	Recovery of loss caused by fraud	3 years from date of detection of fraud
j.	Appeal to file in High Court against the judgment of lower court	90 days from the date of the decree
k.	Appeal to file in other court against the judgment of lower court	30 days from date of decree
l.	Money paid by oversight in excess (SB/CD/A/c.)	3 years from date of discovery of mistake

Interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan
The account remains 'out of order' in respect of an Overdraft/Cash Credit (OD/CC)
The bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted
The installment of principal or interest thereon remains overdue for two crop seasons for short-duration crops
The installment of principal or interest thereon remains overdue for one crop season for long-duration crops

Banks should classify an account as NPA only if the interest charged during any quarter is not serviced fully within 90 days from the end of the quarter.
UPI for G20 countries travelers

Eligible travellers from G-20 countries will be issued Prepaid Payment Instrument (PPI) wallets linked to Unified Payments Interface (UPI) at Bengaluru, Mumbai, and New Delhi international airports, according to the Reserve Bank of India.

Loan of up to 2 years tenor can be transferred to other banks after how much minimum operation time??

Three months in case of loans with a tenor of up to 2 years; Six months in case of loans with tenor of more than 2 years.

Calculate inventory value from the given cash ratio, quick ratio, and current liabilities.
NPS age limit
Asset Provisioning related
Cheque Return Imprisonment
The LEI exposure limit for entity
Unauthorized 3rd party breach days limit
Wrong IP Address
FBIL chairman Retail inflation Oct 2022
Inventory Calculation
Digital lending complaint to Ombudsman days
APY penalty for 1000 per month
DA2 Period
Venture capital risk weightage
BSBDA account liability of customer if fraud reported within 7 days
Ambedkar education subsidy income criteria for OBC
EGB full form