BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As per Crilc report of RBI, ABC Co Limited has been reported in SMA2 category. What would be the immediate action required by the credit officer
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Close the ac
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Freeze the ac
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call the borrower
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Re rate the ac
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Explanation:
Detailed explanation-1: -The CRILC-Main Report shall be submitted on a monthly basis. In addition, the lenders shall submit a weekly report of instances of default by all borrowers (with aggregate exposure of ₹ 50 million and above) by close of business on every Friday, or the preceding working day if Friday happens to be a holiday. 9.
Detailed explanation-2: -Therefore, banks will have to furnish credit information to CRILC on all their borrowers which have aggregate fund-based and non-fund based exposure of Rs. 5 crores and above.
There is 1 question to complete.