Question
According to the IRAC Norms, which of the following
asset classifications applies to a loan where the borrower has defaulted on payment for over 12 months but less than 36 months?Solution
Under IRAC norms , loans overdue for more than 12 months but less than 36 months are classified as Doubtful Assets . These loans are considered high-risk, and their recovery may require legal proceedings.
More Financial Management Questions
49.99% of 5400 + 923=?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
`sqrt(224.991)` + (3.81008)2 = ? `-:` `1/6.0001`
` `
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
1219.98 ÷ 30.48 × 15.12 = ? × 2.16
(24.98)2 = ?2 + (14.99)2
What will come in the place of question mark (?) in the given expression?
?2 = {40% of (552 – 352 )} – 44
