Which of the following statements correctly describe the treatment of restructured advances under IRACP norms?
1. Restructured standard assets are immediately downgraded to sub-standard.
2. Restructured NPAs are eligible for upgradation after satisfactory performance for the specified period.
3. Interest income on restructured sub-standard assets is recognized on an accrual basis.
1
1 only
2
1 and 2 only
3
1 and 3 only
4
All of the above
5
3 only