What is the total extended period given to Regional Rural Banks (RRBs) for amortizing additional pension liabilities under the Employee Pension Scheme 2018?
10 years
Why is the news?
“RBI Grants RRBs Five More Years to Manage Pension Liabilities Under Employee Pension Scheme 2018”
Initially, RRBs had five years from FY19 to amortize pension liabilities under the Employee Pension Scheme 2018. RBI has now granted an additional five years from FY25, extending the total amortization period to 10 years to ease financial burden.
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Important Questions from Banking
The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
Which two entities collaborated to launch the FIRST EA₹N Credit Card?
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?
