[ISC] Q 11 Redemption of Debenture TS Grewal (2024-25)

Solution of question number 11 of Redemption of Debenture Ts Grewal class 12 ISC Board (2024-25)

Export-Import Bank of India (EXIM Bank) issued 20,000, 10% Debentures of ₹ 100 each through public issue and 10,000, 10% Debentures of ₹ 100 each through private placement. State the amount of Investment to be made by EXIM Bank before redemption of debentures.

Solution:-

DRI – NIL

Banking companies (for both Public issue and Private Placement of Debentures) are exempted from creating DRR and DRI for the purpose of Redemption of Debentures.