The RBI has introduced prudential accounting norms for banks since ______.

1980-81

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1990-91

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1992-93

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1997-98

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Solution

The correct option is A 1980-81
The RBI has introduced prudential accounting norms for banks since 1980-81. According to the prudential accounting norms, interests should not be debited on the accrual basis but only on the cash basis. This prudential norm which is introduced by the central bank of India is expected to follow by all other commercial banks.

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