Which of the following is true regarding the Reserve Bank of India's prudential norms for income recognition, asset classification, and provisioning for banks' advances portfolio?
The provisioning should be made on the basis of the period for which the asset has remained non-performing and the availability of security and the realizable value thereof. Options A and B are incorrect because the policy of income recognition should be objective, and the classification of assets should be done on the basis of objective criteria. Option D is incorrect because banks are urged to ensure that realistic repayment schedules may be fixed on the basis of cash flows with borrowers. Option E is incorrect because the prudential norms are aimed at improving consistency and transparency in the published accounts.
Which of the following public sector oil commenced its Cowdung to Compressed Biogas Project at Sanchore, Rajasthan.
Who collaborated with the Rajasthan government to develop the 'iStart Talent Connect Portal,' launched at Jaipur's Techno Hub?
Consider the following statement about the new initiative of Aatmanirbhar Bharat Package to support the MSMEs:
I. Rs. 50,000 crore equity infusio...
What is the issue price of Sovereign Gold Bonds 2023-24 (Series II) during the subscription period September 11-15, 2023?
Which institution is commonly known as the "lender of last resort"?
82-year-old Indian Politician Sharad Pawar abandoned his position as Chief of the National Congress Party (NCP).He has served as the Chief Minister of w...
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy digitally inaugurated 13 new districts in the state. Now, what is the total number of districts in th...
What are the key features of the new city cab service launched by the Assam State Transport Corporation (ASTC)?
__________cricketer won the International Cricket Council’s (ICC) Sir Garfield Sobers award for cricketer of the year?
Union Minister of Steel Sh. Ram Chandra Prasad Singh inaugurated the first six lane highway road made by using Steel Slag in which state?