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RBI ACT Tenure Table > Tenure Table > Flashcards

Tenure Table Flashcards

1
Q

Appointment of Guv & DG’s for a single term and can be re appointed

A

5 years

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2
Q

For 14 Directiors,

A

4 Years, Max 8 Years with only once reappointment

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3
Q

For Local Board Members,

A

4 Years, Max 8 years with only once reappointment

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4
Q

Export related almost all

A

180 Days

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5
Q

Direct transaction in BoE and P. Notes bonafide Commercial transactions

A

90 Days

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6
Q

Direct transaction in BoE and P. Notes for Agriculture Purpose

A

15 Months

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7
Q

Direct transaction in BoE and P. Notes for Cottage and Small Scale Industries

A

12 Months

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8
Q

Direct transaction for Trading in G-secs

A

90 Days

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9
Q

Direct transaction in Foreign BoE and P. Notes (parties SCB and StCB) Export Related

A

180 Days

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10
Q

Direct transaction in Foreign BoE and P. Notes (parties SCB and StCB) commercial transactions

A

90 Days

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11
Q

Loans and advances to SCB and StCB against declaration in writing pledging(that it holds such) BoE and P.Notes

A

180 Days

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12
Q

Loans and advances to SCB, StCB, SFC & Local Authority against security of Stocks/funds/Securities/Gold/Silver/ BoE-P.Notes Fully Guaranteed provided nothing is used for Exports

A

90 Days

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13
Q

Loans and advances to SFC against G sec or buying their bond fully guaranteed by govt
Limit (2x paid up capital)

A

18 Months

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14
Q

Loans and advances to Industrial Finance Corporation short term

A

90 Days

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15
Q

Loans and advances to Industrial Finance Corporation long term pledge G-Sec any maturity

A

18 Months

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16
Q

Loans and advances to any financial institution notified by GOI short term

A

90 Days

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17
Q

Loans and advances to any financial institution notified by GOI long term pledge G-Sec any maturity - Limit 60% of paid up capital

A

18 Months

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18
Q

Loans and advances to UTI short term

A

90 Days

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19
Q

Loans and advances to UTI long term pledge G-Sec any maturity

A

18 Months

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20
Q

Loans and advances to warehousing Corporation under Agricultural Produce Act, 1956 short term

A

90 Days

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21
Q

Loans and advances to warehousing Corporation Long Term -
limit for both maturity - Central Warehouse - 3 Crore , State Warehouse - 50 lakhs

A

18 Months

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22
Q

Loans and advance to NABARD

A

18 Months

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23
Q

Loans to SIDBI/ EXIM/NBFID/ Reconstruction Bank long term

A

5 years

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24
Q

Loans to SIDBI/ EXIM/NBFID/ Reconstruction Bank Short Term

A

90 Days

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25
Q

Loans to Central and State Govt

A

3 Months

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26
Q

Borrowing by Bank(RBI) - Limit within in India - 5 Cr, Outside nothing given means no limit

A

1 Month

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27
Q

Lender of last resort

28
Q

Report relating to superseding Central board to be laid before Parliament

29
Q

BoE as Asset of Issue Department

30
Q

Foreign Security of Foreign Govt or any Multilateral Organisation

31
Q

Permission for suspension of Asset Requirement under Foreign Securities from Issue Department

A

6 Months and then for every 3 months

32
Q

For submitting CRR report fortnightly, last Friday of the month if not reporting friday and provisional return of fortnight incase of geographical inabity - timelines

33
Q

For submitting CRR report Monthly and final Report of fortnightly incase of grographical inabity - timelines

34
Q

Penalties to be paid or else bank may approach court

35
Q

NBFC needs to apply for register with RBI from April 1997

36
Q

For bringing in NOF by NBFC (Maximum 6 Years)

37
Q

For informing to the RBI when NOF is attained

38
Q

For paying penal Interest for non maintenance of SLR by NBFC other wise court

39
Q

To report appropriation (spending) through Reserve Fund by NBFC to RBI
(may be condone at the wish of RBI)

40
Q

If the Director of a NBFC is removed, then he shall not take part in the management of any NBFC for period not more than 5 Years at a time

41
Q

Any Director nominated in place of the removed director shall hold office during the pleasure of RBI but not excedding 3 years

42
Q

The Board should be superseded for period not more than 5 years

43
Q

In case of alienation of Assets, NBFC cannot sell without prior approval for 6 months from the orders of Alienation

44
Q

If NBFC prohibited from receving deposit for more than 3 Months, RBI can file petition for winding up

45
Q

Deposit accepted by unincorporated association of Individuals before 1st April 1997, shall be returned within 3 years, or Maturity whichever is earlier

46
Q

For Deposit accepted under Sec 45S maximum 1 year extention over 3 years can be given only if repayment is causing extreme hardship

47
Q

In case of regulator interconnectedness the joint committee should take a decision within

48
Q

Inflation target once in 5 Years

49
Q

Age criteria for MPC member appointed by GOI

50
Q

Maximum tenure without reappointment for MPC member appointed by GOI

51
Q

MPC member notice period for resigning to GOI

52
Q

Schedule of MPC meeting before first MPC meeting

53
Q

Publishing Minutes of MPC meeting

54
Q

Factors that constitute to failure of MPC to maintain target should be notified by Central Govt in the Official Gazette within 3 months

55
Q

Appointment of RBI auditors and eligible for reappointments

56
Q

RBI to submit Annual accounts to the central govt

57
Q

Deputation of RBI officers (UTI/ IDBI) under sec 54AA

58
Q

For Any regulation by Central Board to be laid before each house of Parliament

59
Q

Imprisonment for false or will omition of statuory information and Fine

60
Q

Imprisonment for contravening 45E or Fine upto Rs. 1000 or both

61
Q

Imprisonment for contravening 45IA and fine Rs. 1 to 25 lakhs

A

1 to 5 Years

62
Q

Imprisonment for contravention of Company Law Board 45QA and fine not less then Rs 5000 every day

63
Q

Any person other than auditors - receives any deposit, fails to comply directions of Chapter III B, issues prospectus not as per 45J will be punished by imprisonment upto 3 years and fine of twice the deposit received of amount advertised

64
Q

Imprisonment for contravention of 45S and fine upto twice of deposit amount or Rs 2000 whichever is more - and if cannot give reason to why the deposits were accepted than imprisonment not less than 1 year and fine not less than Rs. 1000

65
Q

Penalties to be paid u/s 58G or else bank may approach court

RBI ACT Tenure Table (4 decks)

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