Smart Top Up Variant

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Smart Top Up Variant Quiz

Are you knowledgeable about the Smart Top Up variant? Test your understanding with this quick and engaging quiz designed for banking professionals!

11 informative questions
Multiple choice format
Designed to enhance your understanding of Smart Top Up variant

11 Questions3 MinutesCreated by EvaluatingEagle54

Smart Top up variant is available for following customers

Exiting customers with 12 months vintage with I-Bank

Score>70

Both a and b

None of the above

Maximum amount under Smart Top up variant

Rs. 1 million

Rs. 1.5 million

Rs. 2 million

Rs. 2.5 million

Sales can be validated with following documents

Latest audited financials

GST returns for last 12 months

Credit inflows in account for last 12 months

All of the above

Total exposure of borrower not to exceed

Rs. 50 million

Fund based exposure of Rs. 50 million

Rs. 30 million

No limit

Following banking norms applicable for smart top up variant

Track to be ETR

Peak interest delay not to exceed 15 days in last 12 months

TOD not to be availed

All of the above

Assessment of limit will be _ % of existing limit

20%

15%

10%

None of the above

All BLG program norms are applicable for Smart Top up variant except

NFA for single customer

NFA for projected sales/NCA growth > 25%

Both a and b

None of the above

Collateral cover required for smart top up limit

100%

110%

85%

Additional collateral not required

Limit Utilisation as on 16/03/2020 should be

Less than 75%

Maximum 50%

No limit

More than 90%

Smart Top Up Variant

Smart Top Up Variant Quiz

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