alleryAll other standard loans and advances are provided at:
A0.80 per cent
B0.90 per cent
C0.40 per cent
D0.60 per cent
Answer & Solution
Correct answer: C. 0.40 per cent
1. Specific classes have their own rates.
2. Everything left over falls in a residual bucket.
3. That bucket is provided at 0.40 per cent.
_Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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