Q. Consider the following statements:
1.According to Reserve Bank of India (RBI) norms, banks are required to maintain a minimum Capital to Risk Weighted Assets Ratio (CRAR) of 9%.
2.The gross non-performing assets to total advances ratio for Indian banks have been rising since 2018.
Select the correct answer using the code given below:
Answer: A
Notes:
Explanation –
Statement 1 is correct. According to Reserve Bank of India (RBI) norms, banks are required to maintain a minimum Capital to Risk Weighted Assets Ratio (CRAR) of 9%.
Statement 2 is incorrect. The gross non-performing assets to total advances ratio for Indian banks have been on a decline since 2018.
Source: The Times of India
