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?Solution
As per IRAC norms, any bill purchased or discounted (with recourse) becomes NPA if it is overdue beyond 90 daysfrom the due date.
IF 'NOISED' is coded as 'PRMQBZ', how will ‘GARDEN’ be coded as in the same code?Â
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