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      Question

      Under IRAC norms, an ad hoc limit sanctioned to a

      borrower is treated as NPA if not reviewed or renewed within how many days?
      A 90 days Correct Answer Incorrect Answer
      B 120 days Correct Answer Incorrect Answer
      C 150 days Correct Answer Incorrect Answer
      D 180 days Correct Answer Incorrect Answer
      E 365 days Correct Answer Incorrect Answer

      Solution

      As per RBI’s asset classification norms, an ad hoc or temporary credit limit must be regularized or renewed within 180 days, failing which the account is treated as NPA.

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