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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.
“Veer Guardian Exercise - 2023” is a bilateral air force exercise that is supposed to be held from 16th to 26th January.
What changes have been made in the rebranding of Bank of Baroda’s wholly-owned subsidiary for cards, now known as 'BOBCARD Limited'?
Who is inaugurating the "International Conference on Recent Advances in Bio-energy Research – 2023" (ICRABR - 2023) organized by Sardar Swaran Singh N...
Who was awarded the 'Jeevan Raksha Padak' by the Hon'ble President of India?
Recently IRDAI hiked maximum investment limit of insurers in banking, financial services and insurance (BFSI) companies from 25% to ________?
2022 Global Food Security Index (GFSI) report was released by _________?
Mookkannoor Mission’, an initiative under the Swachh Bharat Abhiyan under which a comprehensive plan of digitizing the entire village is adopted & cle...
Public sector banks (PSBs) registered more than double profit of Rs 34,774 crore for the first quarter ended June 2023.Which bank has posted the highest...
At the 2024 Oscars, how many nominations did the film "Oppenheimer" receive?