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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.
At the 3rd G20 Culture Working group (CWG) meeting held in Hampi, Karnataka, a new Guinness World record has been made by displaying _______ ...
SEBI has imposed a _________ penalty on promoters of DHFL (Dewan Housing Finance) for violating disclosure norms.
‘Sea Vigil-24’ is a Defence Exercise conducted by which country?
What is the significance of the RBI-Maldives Monetary Authority (MMA) MoU on local currency usage?
Which state signed an agreement for the 1,200 - MW Kalai - II hydroelectric project in the Lohit river basin, and how much is the project estimated to c...
Which two high-ranking officials attended the closing ceremony of the NOMADIC ELEPHANT exercise?
Who is regarded as the Guardian of Fundamental Rights in India?
The volume of Notes in Circulation (NIC) increased from 136.21 billion pieces in March 2023 to how much in March 2024?
State Bank of India has increased the size of its dollar bond issue to________ from $750 million which has been arranged by global banks including HSBC ...
Consider the following statement about Lachit Borphukan:
1. Recently, the Prime Minister of India paid tributes to Lachit Borphukan on Lachit D...
