Question
Assets categorized in stage 3 cannot be directly brought
to Stage 1 even after the irregularities are rectified, for how much time bank must keep stage 3 asset in stage 2 before the same can be brought to stage 1?Solution
Banks should keep a stage 3 asset in stage 2 for a minimum period of six months after all the irregularities are rectified (cooling off period) before the same is brought to stage 1.
More Financial Management Questions
- What does DPI stand for in the context of printing resolution?
Which of the following statements is/are correct regarding the 16th Finance Commission (FC)?
1. It is established under Article 280 of the Indian...
- 'Atla Taddi' is a traditional festival celebrated in which Indian state?
- Which state government approved the Krishak Kalyan Mission in April 2025 to consolidate farmer welfare programs?
Match the following organizations with their headquarters:
Which is India’s oldest university, established in 1818?
By what year does India aim to eliminate malaria?
- Which Indian state became the first to establish a Senior Citizens Commission?
In commemoration of the birth anniversary of former Prime Minister Atal Bihari Vajpayee, Chief Minister Yogi Adityanath has inaugurated Uttar Pradesh's ...
Which operation was conducted by the Indian Navy to rescue an Iranian ship from pirates?
