As of August 2024, the Reserve Bank of India has expanded the scope of its revised instructions on Bad and Doubtful Debt Reserve (BDDR) to include which categories of co-operative banks, aiming to standardize the treatment of such reserves for prudent financial management?
A) Urban Co-operative Banks
B) State Cooperative Banks
C) Central Cooperative Banks
The RBI's revised instructions, effective immediately, encompass Urban Co-operative Banks (UCBs), State Cooperative Banks (StCBs), and Central Cooperative Banks (CCBs). This initiative aims to rectify and facilitate a smoother transition towards compliance with accounting standards (AS). The banks are required to recalibrate BDDR balances that were formerly adjusted against net profits, now reclassifying these as direct expenses by 31st March 2025.
The Garo Hills are located in which Indian state?
Consider the following statements in regards to INA Defence Committee,
a) It was formed in 1946.
b) It was legal defence team for the IN...
Which statement about Sovereign Gold Bonds (SGBs) is incorrect?
What was India's Current Account Deficit (CAD) as a percentage of GDP in Q1 FY25?
Which Social Media platform has recently launched a feature “Alert”?
Name the media company that purchased the legendary studio of 21st Century Fox.
What is the capital of Bahrain?
बनास नदी पर कौन -सा बाँध है -
Evaluate the accuracy of these statements concerning the Red Sea:
(I) The Red Sea connects to the Mediterranean Sea through the Suez Canal.
...As of December 2022, which district has the maximum number of women milk committees in Uttrakhand?