Question
An asset would be classified as substandard if it has
remained an NPA for a period:Solution
An asset is classified as substandard if it has remained a Non-Performing Asset (NPA) for a period less than or equal to 12 months. This means that the borrower has failed to make the required principal and/or interest payments for up to 12 months. Substandard assets have well-defined credit weaknesses that pose a risk to the bank's ability to recover the debt. If these weaknesses are not corrected, the bank is likely to incur some loss.
___________ is mutual funds writing off the principal amount and the interest in case of a default?
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