As per the guidelines issued by the Reserve Bank of India (RBI), for doubtful advances, banks are required to make a provision based on the period for which the asset has remained doubtful. For unsecured advances that are considered doubtful for a period of more than three years, the provision to be made is 100%. This means that the bank must set aside an amount equal to 100% of the outstanding amount of the unsecured doubtful advance as a provision against possible losses.
When was the Employees' Provident Funds and Miscellaneous Provisions Act enacted?
Which bank has entered into a partnership with Aditya Birla Sun Life Insurance to provide insurance solutions to its customers?
India's first underwater metro expected to be ready by ______?
The capital of Rajasthan is?
According to the National Policy on Biofuels, the Government envisaged an indicative target of 20% ethanol blending in petrol by year_______?
Consider the following statements:
I. Iran and Belarus are likely to be the two newest additions to the Shanghai Cooperation Organisation (SCO)
What led to the permanent closure of the Afghanistan Embassy in Delhi, effective from November 23?
Why did Kenya cancel infrastructure and energy deals with the Adani Group?
Which bank launched a feature-rich Savings Bank product for women called Mahila Mitra Plus which provides a curated set of features, designed to make f...
What is the theme for World Ozone Day in the year 2023?
