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Question
On standard asset a minimum provision of _______________ is required.
On standard asset a minimum provision of _______________ is required.
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Solution
The correct option is C 40%
From the year ending 31.03. 2000, the banks should make a general provision of a minimum of 0.25 percent on standard assets on global loan portfolio basis. The provisions on standard assets should not be reckoned for arriving at net NPAs.
From the year ending 31.03. 2000, the banks should make a general provision of a minimum of 0.25 percent on standard assets on global loan portfolio basis. The provisions on standard assets should not be reckoned for arriving at net NPAs.
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