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What type of advanced income can be recognised if there is no recovery?



A. Advances against term deposits, NSCs, IVPs, KVPs and Life policies
B. However adequate Margin should be available in such accounts
C. Fees and commissions earned by the banks as a result of re­negotiations or rescheduling of outstanding debts should be recognised on an accrual basis over the period of time covered by the re­negotiated or rescheduled extension of credit.
D. All the above
E. A & B above

This question is part of N.Rangarajans Model Online Test for Promotion in Banks (India)
Asked by Rajatvk, Last updated: Mar 30, 2020

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rajatvk

Rajatvk

Answered Nov 02, 2017

All the above
 

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