alleryFor an asset doubtful between one and three years the rate is:
A80 per cent
B40 per cent
C20 per cent
D30 per cent
Answer & Solution
Correct answer: B. 40 per cent
1. It rises from the first year rate of 25 per cent.
2. It has not yet reached full provisioning.
3. The rate is 40 per cent.
_Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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