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Mastering Loan Asset Management

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Questions and Answers

Which factor has a significant impact on the overall financial health of the Bank?

Income Recognition and Asset Classification norms

Proactive management

Interest spreads

Loan assets quality (correct)

What is the purpose of the Income Recognition and Asset Classification (IRAC) norms?

To reduce credit risks (correct)

To make provisions for NPAs

To increase profitability

To eliminate NPAs

What are the three categories in which NPAs are classified?

Standard, doubtful, loss

Standard, substandard, doubtful

Performing, non-performing, substandard

Substandard, doubtful, loss (correct)

How do banks aim to reduce or eliminate NPAs?

By compromising with borrowers Signup and view all the answers

Why is it important for banks to keep NPAs at a low level?

To maintain profitability Signup and view all the answers

Which document approved by the Board led to the renaming of the 'Loan Monitoring and Recovery Policy' to 'Non-performing Assets Recovery Policy'?

Non-Performing Assets Recovery Policy Document approved on March 20, 2013 Signup and view all the answers

When was the latest modification approved by the Board for the 'Non-performing Assets Recovery Policy'?

March 20, 2019 Signup and view all the answers

What is the purpose of the 'Non-performing Assets Recovery Policy'?

To reduce or eliminate NPAs Signup and view all the answers

How many modifications were approved by the Board for the 'Non-performing Assets Recovery Policy' in 2015?

3 Signup and view all the answers

Who approved the modifications for the 'Non-performing Assets Recovery Policy' in addition to the Board?

Managing Director Signup and view all the answers