BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Institutions Banking sector reforms in India NPA management
Which of the following statements are correct as per the IRACP norms for UCBs?
1. Advances guaranteed by State Governments are classified as NPAs if they remain overdue for more than 90 days.
2. Restructured advances require the promoter to provide personal guarantees in all cases.
3. Advances granted under rehabilitation packages are upgraded after satisfactory performance for a year.
1
1 only
2
1 and 2 only
3
1 and 3 only
4
2 and 3 only
5
All of the above