Question: The following data is given for bobby bank ltd ( all amount in Rs crore). Total capital 100, total assets 160 (including the statutory reserves

The following data is given for bobby bank ltd ( all amount in Rs crore). Total capital 100, total assets 160 (including the statutory reserves of 11). Deposits lying in the savings accounts and current accounts: 20 and 40 respectively. Calculate the penalty, if any, payable by the bank to RBI on 1st day and 2nd day of the relevant reserve maintenance period

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!