📚 India sends medical aid worth $2 million to Nepal for patients with thalassemia, sickle cell disease

👉 India has sent medical aid worth USD 2 million, consisting of medicines and vaccines for patients with thalassemia and sickle cell disease, in response to a request from Nepal with the first tranche of 17,030 vials of vaccines for the immunisation of thalassemia patients has been handed over to Nepal.

🏆 Payal Kapadia, the acclaimed filmmaker behind 'All We Imagine As Light', has received the prestigious 'Officer of the Order of Arts and Letters' from the French Government.

👉 This recognition comes after her historic victory at the Cannes Film Festival in 2024.

⭐ Bengaluru-based AI startup Sarvam has been selected to build India’s first sovereign large language model (LLM).

👉 The company has been selected by the Government of India under the IndiaAI Mission. Under the unique initiative, Sarvam will get the compute resources needed to build an indigenous foundational model.

📖 𝙎𝘽𝙄 𝙋𝙊 𝙈𝘼𝙄𝙉𝙎 𝙂𝘼 𝘽𝙊𝙊𝙎𝙏𝙀𝙍

⏳ Time is Ticking! Few Days for SBI PO Mains Exam 2025😱

"Score 40+ in Mains & Get Gauranteed selection"🔥

• November 2024 to April 2025 Current Affairs ✔️

• Topic wise Current Affairs & Month wise MCQ ✔️

📥Download PDF👇
https://bit.ly/3EhrVZH

🌀Note : Remaining April MCQs will be provided at the end of April..you can download it from your Email Box

✉️E-Mail ID : DreamBigInstitution@gmail.com

📝 The board of Reliance Industries Ltd (RIL) has approved the appointment of Anant Ambani as the Wholetime Director of the company for a term of five years, effective from May 1, 2025. 

💥 Sunday Interesting Fact - 68 💥

✅ India is 2nd largest producer of unmanufactured tobacco in the World (in value terms during 2023) after China and generating to the Indian exchequer

~ Also India is 4th largest exporter of unmanufactured tobacco in the World

👉 During 2024-25 Financial Year, Tobacco exports contributed 1979 US million dollars (Rs. 16,728 Crores) to the Indian exchequer.

# India’s first Quantum Computing Village

⭐ Recently, the Government of Andhra Pradesh made strides towards establishing India’s first Quantum Computing Village in Amaravati.

🎯 This initiative aims to create a pioneering ecosystem for quantum computing research and collaboration. The project is backed by the Real-Time Governance Society (RTGS) and is set to occupy 50 acres of land. The facility will serve as a hub for institutions and companies to access advanced quantum computing resources.

💿Non Performing Assets (NPA)💿

NPAs refer to loans which are in risk of default. Reserve Bank of India (RBI) defines NPAs as below:

AN ASSET, INCLUDING A LEASED ASSET, BECOMES NON­-PERFORMING WHEN IT CEASES TO GENERATE INCOME FOR THE BANK.

As per guidelines issued by the RBI, banks classify an account as NPA only if the interest due and charged on that account during any quarter is not serviced fully within 90 days from the end of the quarter.

Conditions to become NPA
An asset becomes NPA when it ceases to generate income for the bank –

➖Term Loan – Interest and/or installment of principal amount remain overdue for more than 90 days
➖Overdraft / Cash Credit – The account remains ‘out of order’ for 90 days
➖Bill – The bill remains overdue for more than 90 days in the case of bills purchased and discounted
➖Short duration crops – The installment of principal or interest remains overdue for 2 crop seasons
➖Long duration crops – The installment of principal or interest remains overdue for 1 crop season
➖Securitisation transaction – The amount of liquidity facility outstanding for more than 90 days
➖Derivative transaction – The overdue receivables representing positive mark-to-market value of a derivative contract, if these remain unpaid for 90 days from the specified due date for payment.

Basis of Classification of Non Performing Asset (NPA)
Banks are required to classify NPAs into the following 3 categories based on how long do they remain non-performing.

The three categories are – Substandard Assets, Doubtful Assets and Loss Assets.

♦️ Substandard Assets – If an account remains as NPA for a period less than or equal to 12 months

♦️ Doubtful Assets – An asset would be classified as doubtful if it has remained in the substandard category for 12 months.

♦️ Loss Asset – A loss Asset is one where loss has been identified by the bank’s internal or external auditors or upon an RBI inspection.

Example of NPA
We suppose that a party was disbursed a loan on January 1, 2010. Its due date is June 1, 2010. But the party does not make a payment. So
♦️ It will be an Standard Asset from January 1, 2010 till June 1, 2010 (Due Date)
♦️ It will be a Special Mention Account From June 2, 2010 till August 29, 2010 (90 days)
♦️ It will be Sub-standard from August 30, 2010 till August 29, 2011
♦️ It will be doubtful from August 30, 2011 till August 29, 2012
♦️ It may remain doubtful Asset for a period of 3 years, beginning from 12 months of being an NPA, but once the auditors identify it as a loss, it will be assigned a loss asset; however, the period may be anything above 3 years

📖 𝙎𝘽𝙄 𝙋𝙊 𝙈𝘼𝙄𝙉𝙎 𝙂𝘼 𝘽𝙊𝙊𝙎𝙏𝙀𝙍

⏳ Time is Ticking! Few Days for SBI PO Mains Exam 2025😱

"Score 40+ in Mains & Get Gauranteed selection"🔥

• November 2024 to April 2025 Current Affairs ✔️

• Topic wise Current Affairs & Month wise MCQ ✔️

📥Download PDF👇
https://bit.ly/3EhrVZH

🌀Note : Remaining April MCQs will be provided at the end of April..you can download it from your Email Box

✉️E-Mail ID : DreamBigInstitution@gmail.com

Indian Bank DV for POs

Date of Reporting 19th May 2025