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    Question

    A bill discounted or purchased (with recourse) by a bank

    becomes a Non-Performing Asset (NPA) if the bill remains overdue for more than how many days?
    A 30 days Correct Answer Incorrect Answer
    B 60 days Correct Answer Incorrect Answer
    C 90 days Correct Answer Incorrect Answer
    D 120 days Correct Answer Incorrect Answer
    E 180 days Correct Answer Incorrect Answer

    Solution

    As per IRAC norms, any bill purchased or discounted (with recourse) becomes NPA if it is overdue beyond 90 daysfrom the due date.

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