Start learning 50% faster. Sign in now
The Reserve Bank has harmonised the provisioning norms for standard assets applicable to all categories of urban cooperative banks (UCBs). In December last year, the RBI categorised UCBs into four tiers including, tiers 1, 2, 3, and 4 for regulatory purposes. Prior to that, such banks fell only in tier 1 and tier 2 categories. Advances to commercial real estate (CRE) sector which are standard shall attract a uniform provisioning requirement of one percent of the funded outstanding on a portfolio basis. In case of the Commercial Real Estate-Residential Housing Sector (CRE-RH) and all other loans and advances, the provisioning requirements would be 0.75 percent and 0.4 percent, respectively. RBI has categorised all unit UCBs and salary earners' UCBs (irrespective of deposit size), and all other UCBs having deposits up to Rs 100 crore in tier 1. In tier 2, it has placed UCBs with deposits more than Rs 100 crore and up to Rs 1,000 crore. Tier 3 will cover banks with deposits more than Rs 1,000 crore and up to Rs 10,000 crore. UCBs with deposits of more than Rs 10,000 crore have been categorised in tier 4.
Goods and services tax (GST) collections hit an all-time high in April. What is the amount collected?
Which of the following is the most volatile foreign capital?
In which Bank/Banks one can deposit money in Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) -
Which among the following accounting standard was applicable on The Effect of Changes in Foreign Exchange Rates?
Which of the following is the most volatile foreign capital?
Which of the following is a ratio used to know the solvency of a business?
__________________ became the largest and fastest-growing UPI beneficiary bank in India
Terrestrial planets are composed of _________ .
________________ is authorised to issue and encash the electoral bonds, which are valid for fifteen days from the date of issuance.
Currency Swap is an instrument to manage-