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Reserve Bank of India (RBI) has extended the deadline for non-banking financial companies (NBFCs) to comply with new Non-Performing Assets (NPAs) classification norms to September 2022 from the earlier deadline of March 2022. As per the ‘Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications’, which was issued by RBI on November 15, 2021, the loan accounts that are classified as NPAs could be upgraded as ‘standard’ assets only if entire arrears of interest and principal are paid by the borrower.
The PM Mudra Yojana was launched with the primary objective of funding which segment of the Indian economy?
Which country experienced the sharpest drop in imports of Indian tea due to US sanctions?
What was the approximate cost of the 'Mukhyamantri Ladki Bahin' scheme announced by Maharashtra Deputy Chief Minister Devendra Fadnavis?
Who presided over the maiden test-firing of India’s first indigenously-made 1500 Horsepower (HP) engine for Main Battle Tanks?
Which initiative by SEBI aims to enhance the resilience of the mutual fund ecosystem in India?
According to the recent ‘Patent Landscape Report: Generative Artificial Intelligence,’ which country has filed the most generative AI patents from 2...
Which country was elected to chair the UN Commission on the Status of Women (CSW) despite criticisms of its women's rights record?
What is the maximum subsidy amount available for Economically Weaker Sections (EWS) under the Credit Linked Subsidy Scheme (CLSS) component of PM Awas Y...
What was the growth rate of India's gross GST collections in July 2024 compared to the previous month?
What is the primary focus of the 'Report of India's G20 Task Force on Digital Public Infrastructure'?
