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Definition of significant increase in credit risk and definition of default: Significant Increase in Credit Risk (SICR) For the purpose of determining SICR, RBI has proposed that: • SICR should be assessed at the level of each counterparty which is holding an instrument (under Ind AS 109, the SICR assessment is at an instrument level) • Following exposures/counterparties would be considered to havea SICR: •Stressed exposures classified under a ‘watch-list’ or equivalent classification for stressed exposures •Financial assets, the contractual payments on which are 30 days past due (this is a rebuttable presumption) •Counterparties that are overdue for more than 60 days.
'M' placed a specific amount of money into the 'SBI' Mutual Fund, which provides a 15% per annum simple interest rate. Simultaneously, 'M' invested the ...
Viraj invested Rs. 3500 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest...
A sum is lent on compound interest for 2 years at 14% p.a. If the compound interest on the sum is Rs.4194.4, find the sum.
Simple interest received at the rate of 9% p.a. for 5 years on a principal amount of Rs. 4000 is twice of the simple interest received at 10% p.a. for 6...
A sum of money doubles itself in 5 years in how many years it will be 3 times?
Karan invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 15% for...
Suresh earned an interest of Rs. 1419 on principal amount of Rs. 4400 at some rate of compound interest in 2 years. How much more/less interest would he...
Compound interest on a certain sum of money for 2 years is Rs.3600 while the simple interest on the same sum for the same time period is Rs.3200. Find t...
A man invested $4,800 in a scheme offering compound interest compounded annually. If the difference between the interest earned in the 2nd year and the ...