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What are the four classifications of Bad and Doubtful Debts as per the context of the Bank?

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What are the four classifications of Bad and Doubtful Debts as per the context of the Bank?
posted Jul 7, 2017 by Shantanu Arora

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Assets in Banks are Loans and Advances given to borrowers. These Assets are divided into 4 categories. they are
1. Standard Assets:These accounts are good and the borrower is repaying the loan as per stipulation and also the security extended in good.
2. Sub_Standard Asset:These accounts are good as per the security extended is good but the loans repayment is not upto the mark.
3. Doubtful Asset:These accounts have both the security as well the repayment stipulation in irregular method.
4. Bad Asset:These accounts are where the repayment is not forthcoming and the security extended is also become bad.

answer Jul 8, 2017 by Sunita
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