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

  • google app store apple app store
  • ✖

      Question

      A borrower’s account becomes NPA on Jan 1. It stays

      unpaid until Dec 31. As per IRAC norms, what will be the classification of the asset?
      A Standard Correct Answer Incorrect Answer
      B Substandard Correct Answer Incorrect Answer
      C Doubtful – Category D1 Correct Answer Incorrect Answer
      D Doubtful – Category D2 Correct Answer Incorrect Answer
      E Loss Correct Answer Incorrect Answer

      Solution

      After 12 months in Substandard, it becomes Doubtful Asset – up to 1 year (D1).

      Practice Next
      More Financial Management Questions
      ask-question