Income recognition and asset classification norms for banks

INCOME RECOGNITION AND ASSET CLASSIFICATION NORMS   For: Preliminary & Mains Topics covered: Income recognition and asset classification norms for banks, Central Repository of Information on Large Credits (CRILC), Non-performing Assets   News Flash The Reserve Bank of India has imposed a monetary penalty on the State Bank of India. The penalty imposed for non-compliance with  the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms (ii) Code of conduct for…

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