Question
For more than three years (unsecured) doubtful advances,
provision will be made forSolution
As per the guidelines issued by the Reserve Bank of India (RBI), for doubtful advances, banks are required to make a provision based on the period for which the asset has remained doubtful. For unsecured advances that are considered doubtful for a period of more than three years, the provision to be made is 100%. This means that the bank must set aside an amount equal to 100% of the outstanding amount of the unsecured doubtful advance as a provision against possible losses.
According to the Consumer Protection Act Appeal shall lie :
Where the price is not determined by the parties to the contract of sale of goods, what price shall be paid by the buyer:Â
According to the Information Technology Act a __________________ includes data, message, text, images, sound, voice, codes, computer programmes, softwar...
The State Government, after consultation with the concerned High Court, shall specify a pecuniary value ________________ for Commercial Courts as per Co...
Under Section 29B of Arbitration Act, when can there be fast track proceedings?
The doctrine of "lis pendens' had been explained in which of the Section of the Transfer of Property Act?
Principles of Natural Justice are:
Whether photographed words are considered as documents as per the Indian Evidence Act, 1872?
According to the IBC if the operational creditor does not receive payment from the corporate debtor or notice of the dispute, the operational creditor m...
Which of the following obligations are laid down by Section 12 of Prevention of Money Laundering Act 2002 on banking companies, financial institutions a...