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.
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Where are the headquarters of the Organization of the Petroleum Exporting Countries (OPEC)?
The Reserve Bank of India (RBI) has imposed late submission fees (LSF) of ₹2,000 crore on ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd, GAIL (India) Lt...
India has extended a concessional USD 40 million Line of Credit for developing sporting infrastructure in the which of the following country to bring fl...
Kabaddi World Cup in 2025 will be hosted by?
Who is the chairman of the Central Board of Direct Taxes (CBDT)?
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Which of the following is the net interest income divided by average interest earning assets?
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