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.
Which of the following Statements is/are True?
I- A Producer Organisation (PO) is a legal entity by Primary Producers.
II- The role of FPO...
The total cost of the eight high-speed road corridor projects approved by the Union Cabinet is:
What is the main objective of the recently launched National Edible Oil Mission-Oil Palm (NMEO-OP)?
What is the primary objective of the Smart Cities Mission in India?
Which of the following is not of the eligibility criterias to become a beneficiary of Pradhan Mantri Matru Vandana Yojana (PMMVY)?
Which of the following Statements is/are True?
I- WHO is an independent agency owned by some of the top pharma companies across the globe.
Which primary objective of the Pradhan Mantri Ayushman Bharat Yojana aims to alleviate the financial burden of healthcare on low-income households?
Which of the following States have achieved the target number of registrations on e-Shram Portal?
I- Odisha
II- Uttar Pradesh
III- ...
The First Industrial Policy of Independent India was announced in ___________________.
...Which of the following can be the features of a Green Economy.
I- low carbon
II- resource-efficiency
III- social Inclusivity
Relevant for Exams:
