Question
The Reserve Bank of India (RBI) has issued new norms for
the uniform treatment of Bad and Doubtful Debt Reserve (BDDR) for nonperforming assets (NPAs) across cooperative banks. Which of the following statements is true regarding these revised norms?Solution
The RBI's revised norms stipulate that starting from FY25, provisions for NPAs must be recognized as expenses in the Profit & Loss (P&L) account in the period they are incurred. This marks a shift from previous practices where such provisions could be created from net profit rather than being directly charged to the P&L account. These norms aim to ensure uniform treatment and prudential management of NPAs across different types of cooperative banks.
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