Question

According to the IRAC Norms, which of the following

Q: Answer-According to the IRAC Norms, which of the following asset classifications applies to a loan where th...

Under IRAC norms , loans overdue for more than 12 months but less than 36 months are classified as Doubtful Assets . These loans are considered high-risk, and their recovery may require legal proceedings.

asset classifications applies to a loan where the borrower has defaulted on payment for over 12 months but less than 36 months?

A Standard Assets

B Substandard Assets

C Doubtful Assets

D Loss Assets

E Performing Assets

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Bank of India Credit Officer Scale 1

According to the IRAC Norms, which of the following

Solution

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