Question
As per RBI’s Special Mention Account (SMA) framework,
if an account remains overdue for 61–90 days, how is it classified?Solution
SMA categories are: SMA-0 (1–30 days), SMA-1 (31–60 days), SMA-2 (61–90 days). Beyond 90 days, the account becomes an NPA.
ABC Ltd., a manufacturing company, undertook a series of transactions during the financial year 2024–25. It purchased a new plant worth ₹1,000 lakh ...
Which of the following are needed for the analysis of the financial statements of a company?
What is the purpose of performing Due Diligence by banks under KYC norms?
How do Priority Sector Lending (PSL) compliance requirements differ between foreign banks with 20 or more branches and those with fewer than 20 branches?
Identify correct full forms of ESOP and ESPP.
GST Council is an apex constitution body. It was constituted by virtue of Article ______ of the Constitution of India.
Which among the following is not an Audit technique?
AS 6: Depreciation Accounting has been withdrawn with effect from 1-4-2016 after issuance of revised ________.
As per the revised National Pension System (NPS) rules, up to what maximum age can a subscriber continue in the scheme?
For a given product, the sales of a company @ ₹ 200 per unit is ₹ 20,00,000. Variable cost is Rs 12,00,000 and fixed cost is ₹ 6,00,000. The capac...