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IIBF CERTIFICATION 2025 DAILY UPDATES

IIBF CERTIFICATION 2025 DAILY UPDATES

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KYC/AML, Debt Recovery Agent, Prevention of Cyber Crime and Fraud Management, MSME, Digital Banking, certified Credit Professional.

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TIRM Q. The FEMA regulations do not apply to conversion of IDRs into equity by Indian residents.
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ITF Q. Protest of a bill preserves the right of recourse against endorsers.
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COMPLIANCE Q. Under the Payment and Settlement Systems Act, disputes between participants are always decided by RBI.
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TIRM Q. BRDS (Bill Rediscounting Scheme) requires UPNs backed by genuine trade bills.
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DRA Q. NBFCs cannot provide loans for the purpose of agricultural activities.
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KYC/AML Q. The Egmont Group is responsible for setting global AML/CFT supervisory standards for banks.
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CCP Q. Sight LCs and Usance LCs are treated similarly in terms of credit risk assessment by banks.
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ITF Q. The government is supporting e-commerce exports by enhancing courier and postal export limits.
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TIRM Q. Overseas branches of Indian banks are allowed to participate in refinancing ECBs.
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CCP Q. The Basel Committee on Banking Supervision (BCBS) was established in response to the fall of the Lehman Brothers in 2008.
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COMPLIANCE Q. Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people, systems, or external events.
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TIRM Q. Bullet redemption means repayment of bond principal in multiple installments.
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CCP Q. The credit thrust of banks includes issuing Kisan Credit Cards and promoting educational loans under PSL.
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ITF Q. Avalising means the collecting bank guarantees payment of the bill.
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CCP Q. Multiple banking arrangements involve no contractual relationship between the participating banks.
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