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Prudential norms for income recognition followed the report of the:
ANarasimham Committee
BNachiketa Committee
CNayak Working Group
DNadkarni Study Group
Answer & Solution
Correct answer: A. Narasimham Committee
1. A committee on the financial system recommended the change.
2. Its chairman gave the report its usual name.
3. It was the Narasimham Committee.
_Source: RBI Master Circular, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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