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The Reserve Bank of India extended the timeline by six months for NBFCs to adhere to the new NPA recognition norms. Earlier the regulator had set March 31 deadline for non-bank lenders to upgrade NPAs only after all arrears and principal dues are paid. NBFCs will have time till September 30, 2022, to put in place the necessary systems to implement this provision. RBI also clarified that loans classified as NPA will be upgraded to the standard category
A certain sum of money becomes 8000 in 6 years and Rs. 9240 in 10 years at any certain rate of simple interest. Find the principal amount.
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1300 and Rs...
Nisha deposited Rs. ‘P’ in a bank offering compound interest of 11% p.a. compounded annually. After 2 years, she invested the amount received from t...
Azhar deposited an amount of Rs. 'x + 250' in a simple interest scheme at a rate of 20% per annum for a duration of 3 years. Additionally, he invested R...
A sum of money amounts to Rs.767 in 3 years, and to Rs.806 in 4 years on simple interest at 6% annum. What is the sum?
Calculate the principal amount 'x' for which the simple interest accrued over 5 years at an annual rate of 24% is equivalent to the compound interest ea...
Suresh earned an interest of Rs. 1548 on principal amount of Rs. 4800 at some rate of compound interest in 2 years. How much more/less interest would he...
A man invested Rs. 8,000 at simple interest of 'x%' p.a. and received Rs. 16,000 after 2 years. If he had invested Rs. 24,000 at simple interest of 'x%'...
A man deposited Rs. ‘x + 700’ at 12% per annum simple interest and earned Rs. 624 as interest after 2 years. Find the interest earned by him if he d...
An amount of Rs. 2400 is placed in SIP 'P' at a 25% per annum simple interest rate for 8 years, and Rs. 2500 is invested in SIP 'Q' with a 20% annual co...
