Answer-Which of the below statement is not true:

Doubtful assets - an asset which remains substandard for a period not exceeding 12 months.

Question

Which of the below statement is not true:

A Sub-standard assets - shall mean an asset which has been classified as non - performing asset for the period not exceeding 12 months.

B Standard Assets shall mean the asset in respect of which, no default in repayment of principal or payment of interest is perceived.

C Non-Performing Asset (NPA) shall mean an asset, in respect of which, interest has remained overdue for a period of 3 months or more.

D Doubtful assets - an asset which remains sub standard for a period not exceeding 36 months.

E All are Correct