Question

How should fees and commissions earned by banks through debt renegotiations or rescheduling be recognized?

A They should be recognized immediately upon agreement.
B They should be recognized as per the terms of the renegotiation or rescheduling.
C They should not be recognized as income.
D They should be recognized on an accrual basis over the period covered by the renegotiation or rescheduling.
E They should be recognized as a lump sum at the end of the renegotiation or rescheduling period.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)