Regarding the secured portion, what is the provisioning requirement for an advance that has remained in the 'doubtful' category for one to three years?
When an advance has remained in the 'doubtful' category for a period of one to three years, the provisioning requirement for the secured portion is 40%. This means that the bank is required to set aside an amount equivalent to 40% of the secured portion of the doubtful asset as a provision. This provisioning reflects the increased risk and uncertainty associated with such assets and helps banks mitigate potential losses.
The India International Exchange Limited (INDIA INX) is India's first international stock exchange and it is being operated at the International Financi...
What advantage do niche financial centers have over larger centers?
What is the minimum net worth required for a foreign entity interested to act as a clearing member in Bullion Exchange as per the notification provided ...
A stale is cheque is such that it is presented after ____________ from the date of its issue, at the bank.
Under Priority 2 of the Union Budget 2024-25, which of is designed to incentivize job creation in the manufacturing sector?
Which one of the following is an example for Non-Banking Financial institution?
What is the maximum quantum of award/compensation that can be awarded by Ombudsman of PFRDA?
The bailment of goods as security for payment of debt or performance of a promise is called:
In which city is the Advertising Standards Council of India (ASCI) headquartered?
According to the guidelines on the India-UAE Comprehensive Economic Partnership Agreement (CEPA), which entity is responsible for overseeing the import...
