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.
Indian cricket legend Sachin Tendulkar will start a new innings in August 2023 as the Election Commission of India’s national icon for voter awareness...
In December 2021, the ________ approved a $500 million loan to the Government of India to help improve the quality of the country’s school education a...
Which animal image is there in World Wide Fund for Nature’s logo?
In the Republic of India, the administrative head of a Union Territory is-
Consider the following statements regarding the ‘Tyndall effect’.
1. It is a phenomenon wherein scattering of a beam of light can be obser...
In the 18th century, the development of cotton industries in Britain resulted in ______
Who among the following is known as the ‘Father of the Green Revolution’ in the world?
Who heads the Monetary Policy committee formed by the Central Government?
While cooking, the bottom of the vessel is getting blackened on the outside, it means that:
As per the data released by periodic labour force survey of the National Statistical Office, unemployment rate for all ages in urban areas increased to ...
