Question
What is the provision required for the secured portion
of an asset classified as Substandard Asset according to RBI’s IRAC guidelines?Solution
When an asset has been classified as NPA for a period of less than or equal to 12 months, it is considered a "Substandard Asset." In case of Sub standard assets, a provision of 15% is to be made if the loan is secured. In case of unsecured loan, the provision requirement is 25%.
Gratuity is paid when an employee?
The Insurance Regulatory and Development Authority (IRDA) was established in:
Which of the following insurance is coverage for damage to a vessel or aircraft and affixed items?
What is the purpose of "File and Use" regulations?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Which of the following is NOT a key expense considered in premium calculation?
What is the FDI limit in the Insurance sector?
Which of the following categories of people will NOT be covered under Postal Life Insurance?
A policy that covers the cost of repairing or replacing damaged plant and machinery during construction or erection is:
Process of transferring life insurance to another person is called _____ of policy.
