when an amountis declared as NPA by a bank whether any
interest can be debited to that account after the date it
is declared as NPA ? What are the guidelines of Reserve
Bank of India in this respect ?
- 1 Answers
- 2632 Views
- Genpact, I also Faced
- E-Mail Answers
Answer / Kunal
Once an account is classified as a Non-Performing Asset (NPA) by a bank, no further interest should be charged on that account from the date of default. The guidelines set forth by the Reserve Bank of India mandate that banks should refrain from charging any additional interest after the due date for NPAs, unless specifically authorized under exceptional circumstances.
| Is This Answer Correct ? | 0 Yes | 0 No |
Definition of push down accounting
What is working capital...?
5 Answers Ambuja, Capital IQ, FIS,
hi friends, i have simple doubt if we completed this financial year that is 2009-10 march. after that we will file it period of oct-2010.so from apr-2010 that is new f.y.what we take the opening balances without filing how can we know the exactly figures?
What information do you require before you approve an invoice for payment?
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
Is financial accounting necessary?
can any one send me tally professional version link
what is the Cash purchase limit.
what is difference between single ledger & multiple ledger with solid example .beacuse i am slow learner .
I had this interview in 09. The interviewer kept on asking this question. Why do you want to join JP Morgan chase? can any1 give me a good answer...???
2 Answers IBM, JPMorgan Chase,
what will come under debit and credit side in trial balance please give me answer
15 Answers BMCC, Genpact, HF, UNSW,
what is tax invoices
Audit 
