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Immovable property charged to a bank must be revalued once in:
ANine years
BThree years
CSeven years
DEight years
Answer & Solution
Correct answer: B. Three years
1. Valuers are appointed under Board approved guidelines.
2. The security value must stay realistic over time.
3. Revaluation is due once in three years.
_Source: RBI Master Circular, Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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