Financial Awareness - Risk, Stability & Emerging Finance
The introduction of prudential norms in Indian banking primarily aimed at which of the following?
The introduction of prudential norms in Indian banking primarily aimed at which of the following?
easy Q2 of 15
Step-by-Step Solution
Step 1: Understand prudential norms
Prudential norms are guidelines for income recognition, asset classification, and provisioning to ensure financial discipline and transparency.Step 2: Analyze options
They focus on timely recognition and provisioning of NPAs, not on customer service, branch expansion, or digital banking.Final Answer:
Ensuring timely recognition and provisioning of NPAs → Option AQuick Check:
Prudential norms = timely NPA recognition and provisioning ✅
Quick Trick: Remember prudential norms = NPA management tools.
Common Mistakes:
- Mistaking prudential norms for customer service or digital initiatives.
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