📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Under IRAC norms, an account is classified as

    Non-Performing Asset (NPA) if interest or principal remains overdue for:
    A 60 days Correct Answer Incorrect Answer
    B 30 days Correct Answer Incorrect Answer
    C 120 days Correct Answer Incorrect Answer
    D 90 days Correct Answer Incorrect Answer
    E 180 days Correct Answer Incorrect Answer

    Solution

    As per RBI, an asset becomes an NPA if overdue for more than 90 days.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question