Question
What is the minimum outstanding balance in a
non-performing borrowal account that requires reporting as a willful default?Solution
As per RBI guidelines, scheduled urban cooperative banks (UCBs) and other reporting institutions must submit quarterly reports of willful defaults. • All non-performing borrowal accounts with outstanding balances (including both funded facilities and such non-funded facilities that have been converted into funded ones) of ₹25 lakh and above are to be reported. • The system of reporting was introduced for defaults detected after March 31, 1999. • This reporting mechanism is meant to ensure early detection, transparency, and dissemination of information to prevent further lending to such defaulters. Thus, the threshold for reporting willful defaults is ₹25 lakh and above.
If a bank combines insurance and loan repayment protection into a single package price, it is using:
Which stage of PLC is characterized by highest promotional expenses relative to revenue?
Four basic competitive positioning strategies for companies suggested by Michael Porter do not include:
Within the buying centre, influencers are people who:
Which indicator best measures the effectiveness of email marketing campaigns?
Compared to traditional market research, using social media research is:
Customer retention is cheaper than acquisition mainly because:
Having a high-definition (HD) screen on a computer tablet, when all competitive substitutes do not, is considered a:
Marketing generally plays a small role in which competitive situation?
Segmentation based on customers’ frequency of credit card usage is:
Relevant for Exams:
