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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KYC/AML Q. Use of benami or proxy accounts helps conceal the true identity of launderers.
Anonymous Poll
95%
TRUE
5%
FALSE
TIRM Q. Fixed Deposits are highly liquid and freely tradable money market instruments.
Anonymous Poll
65%
TRUE
35%
FALSE
CCP Q. System-wide PD analysis is helpful in assessing potential systemic vulnerabilities.
Anonymous Poll
93%
TRUE
7%
FALSE
TIRM Q. Dematerialized trading of shares is now mandatory for listed stocks as per SEBI rules.
Anonymous Poll
95%
TRUE
5%
FALSE
1
FOREIGN BANKS & MARKET DEVELOPMENTS – LATEST UPDATE (INDIA)

🏦 Sumitomo Mitsui Banking Corporation (SMBC) – RBI Approval
Reserve Bank of India has granted in-principle approval to SMBC to set up a Wholly Owned Subsidiary (WOS) in India.
• SMBC will convert its existing branch operations into a locally incorporated subsidiary, giving it the status of an Indian bank entity.

🏢 Why WOS Structure Matters
🔓 Operational flexibility: Freedom to open branches without the limitations of branch-mode foreign banks.
⚖️ Regulatory parity: Treated at par with domestic banks for expansion and business operations.
🛡️ Separate legal entity: Better risk containment and stronger regulatory oversight.

🌏 Strategic & Market Significance
🤝 Strengthens India–Japan financial and banking cooperation.
💼 Enhances foreign bank participation in corporate banking, forex, and institutional finance.
📈 Signals RBI’s calibrated openness to foreign banks while maintaining prudential control.
🌱 Reinforces India’s position as a preferred growth market for global banks, especially in wholesale and cross-border banking segments.

📌 Exam-Ready Takeaway
• Foreign banks entering India via WOS route reflect RBI’s strategy of controlled globalization with financial stability.
CCP Q. Banks should not use credit balances in collection accounts to repay other facilities if their exposure is less than 10%.
Anonymous Poll
77%
TRUE
23%
FALSE
KYC/AML Q. Commodity markets deal exclusively in agricultural goods.
Anonymous Poll
63%
TRUE
37%
FALSE
TIRM Q. Debentures are governed by company law and transferable only by registration.
Anonymous Poll
85%
TRUE
15%
FALSE
ITF Q. Payment gateway charges are deducted before remittance reaches the exporter in e-commerce trade.
Anonymous Poll
89%
TRUE
11%
FALSE
DRA Q. Loan agreements of NBFCs must exclude the customer's right to grievance redressal.
Anonymous Poll
63%
TRUE
37%
FALSE
KYC/AML Q. Legitimate businesses are never involved in laundering or commingling illicit funds.
Anonymous Poll
68%
TRUE
32%
FALSE
1
TIRM Q. Equity shareholders enjoy voting rights and may receive dividends depending on company profits.
Anonymous Poll
95%
TRUE
5%
FALSE
KYC/AML Q. Failing to prevent money laundering can attract regulatory penalties and reputational harm for banks.
Anonymous Poll
100%
TRUE
0%
FALSE
TIRM Q. SEBI mandates CP issuance only in physical form for corporates.
Anonymous Poll
59%
TRUE
41%
FALSE
ITF Q. Merchanting trade is regulated in India under RBI-issued guidelines.
Anonymous Poll
100%
TRUE
0%
FALSE
COMPLIANCE Q. PFRDA was established before SEBI to regulate pension schemes.
Anonymous Poll
59%
TRUE
41%
FALSE