Question
In accordance with the recently published discussion
paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks on which of the below mentioned class the proposed framework would be applicable?Solution
Proposed scope of ECL for provision for loan loss The proposed framework would be applicable to financial assets that meet both conditions, which are given as under: • Financial assets are ‘applicable financial assets’ which include: o all loans and advances o irrevocable6 loan commitments (including sanctioned limits under revolving credit facilities) o lease receivables o irrevocable financial guarantee contracts o investments classified as held-to-maturity or available-for-sale • Financial assets are measured at amortised cost i.e., they are held under the business model of collecting contractual cash flows and meet the SPPI criterion.
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
- In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and choose the option correspondin...
The vaccine, when hit the Indian market, was dogged by controversy.
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
In the following question, a sentence is divided into five parts. The bold part is grammatically correct. Out of the other five parts, one part has an e...
The Act lists over a dozen types of actions that may amount to social boycott, which have to made a criminal offence punishable with imprisonment up to ...
Each sentence given below has been divided into four Sentence A, B, C, D, one of which is erroneous. Identify the erroneous part and mark that option a...
Find the correct word.
Find the error.
Find out the appropriate word.
