Question

    In the Asset Classification framework, which of the

    following is considered a Loss Asset?
    A Fully secured but overdue for 90 days Correct Answer Incorrect Answer
    B Secured NPA under litigation Correct Answer Incorrect Answer
    C Unsecured and identified by the bank as unrecoverable Correct Answer Incorrect Answer
    D Asset restructured under RBI guidelines Correct Answer Incorrect Answer
    E Written off but under recovery process Correct Answer Incorrect Answer

    Solution

    Loss assets are those where recovery is highly uncertain and are either written off or fully provided for.

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