Conditions of NPA

Question 1

What are the 5 criterias to be considered for a loan to turn to a NPA ?

Answer 1

1) Interest or principal instalment remains overdue for > 90 days in term loan

2) Bill remains overdue for > 90 days in case of bills purchased and discounted

3) Instalment remains overdue for 2 crop seasons for short duration crops

4) Instalment remains overdue for 1 crop season for long duration crops

5) Outstanding balance in OD account remains continuously in excess of the sanctioned amount for 90 days

Question 2

What is an inoperative account ?

Answer 2

A savings account with no customer induced transactions for > 2yrs

Question 3

What is the eligibility criteria for appointing a Deputy Internal Ombudsman by the Regulated Entity ?

Answer 3

Serving officer, not below the rank of a DGM with atleast 5yrs of experience

Question 4

What was the theme of Financial Literacy week 2024 ?

Answer 4

Make a Right start – Become financially smart

Question 5

Who conducts the Consumer Confidence survey (CCS) and in how many cities is it conducted ?

Answer 5

RBI

Conducted in 19 cities

Question 6

Presently how many banks are part of UDGAM portal and they cover how much % of unclaimed deposits ?

Answer 6

30 banks are part

They cover 90% of unclaimed deposits

Question 7

What does UDGAM stand for ?

Answer 7

Unclaimed Deposits Gateway to Access Information – online portal developed by RBI

Question 8

What is the minimum issue size of Zero coupon zero principal instruments ?

Answer 8

Rs 50 lakhs