BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not the part of prudential guidelines issued by Reserve Bank of India?
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Provisioning
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Loan recovery rules
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Asset classification
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Income recognition
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Explanation:
Detailed explanation-1: -Q. Which of the following banks is not regulated by Reserve Bank of India? State Bank of Sikkim is not regulated by Reserve Bank of India unlike other banks in India. State Bank of Sikkim is a state-owned banking institution headquartered at Gangtok, Sikkim, India.
Detailed explanation-2: -Paragraph 10 of the Circular stipulates that loan accounts classified as NPAs may be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the borrower. NBFCs shall have time till September 30, 2022 to put in place the necessary systems to implement this provision.
There is 1 question to complete.