Question
What is the minimum provision percentage on Doubtful
Assets classified under IRAC norms (Doubtful for more than 1 year)?Solution
As per RBI’s IRAC norms: • If a loan is Doubtful for more than 1 year, 40% provisioning is required on the secured portion. • The unsecured portion requires 100% provisioning.
A deposited Rs. 3000 at 10% per annum compound interest in scheme A for 2 years. After 2 years, he deposited total amount at 12% simple interest per ann...
Compound interest on a certain sum of money for 2 years is Rs.6800 while the simple interest on the same sum for the same time period is Rs.6400. Find t...
Atul has Rs.550 with him. He invested 40% of the amount at 5% p.a. for 6 years and rest at 20% p.a. for 5 years. Find the sum of simple interests receiv...
A man loans out Rs. 22,100 at a simple interest rate of 20% per annum. After 2 years, he reinvests the total amount received at an annual compound inter...
The excess of compound interest (annual compounding) over simple interest on a principal for 2 years at 10% p.a. is Rs. 200. Find the principal.
Rs. (x + 800) is invested at 12% simple interest per annum for 5 years. The interest earned is Rs. (x - 320). If Rs. (x - 400) is...
After 2 years, the ratio between the compound interest obtained from scheme A and B is 99:115 respectively. The total initial investment of both of the ...
- Ravi invested ₹P in a compound interest scheme at an annual interest rate of r% for 1 year. Meanwhile, Kriti invested ₹2P in a simple interest scheme a...
A sum of Rs. 3800 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find ...
Find the simple interest on Rs 3,000 at 6% per annum for 4 years. Also find the amount.
Relevant for Exams:
