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    Question

    A loan is restructured by extending the repayment period

    and reducing the interest rate. This is classified as:
    A Write-off Correct Answer Incorrect Answer
    B Technical default Correct Answer Incorrect Answer
    C Special Mention Account Correct Answer Incorrect Answer
    D Restructured Standard Asset Correct Answer Incorrect Answer
    E NPA Correct Answer Incorrect Answer

    Solution

    When a standard asset is restructured under RBI norms, it is classified as a restructured standard asset unless overdue beyond NPA limits.

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