BOI Credit Officer Practice Questions - Bank Of India Credit Officer (GBO Stream MMGS-II) Exam

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An asset is classified as 'Substandard' under RBI's IRAC guidelines. If the asset has a secured balance of ₹200 lakhs and is entirely secured by primary collateral, what is the minimum provision required by the bank?

₹20 lakhs (10%) ₹30 lakhs (15%) ₹50 lakhs (25%) ₹100 lakhs (50%)

Correct Answer:

₹30 lakhs (15%)

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