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      Question

      In how many days categorization of NPAs is required for

      NBFCs under the new guidelines for them
      A 90 days Correct Answer Incorrect Answer
      B 120 days Correct Answer Incorrect Answer
      C 150 days Correct Answer Incorrect Answer
      D 180 days Correct Answer Incorrect Answer
      E 240 days Correct Answer Incorrect Answer

      Solution

      In order to bring banks and NBFC on par with regards to NPA recognition, RBI had issued asset classification guidelines wherein any lender, whether bank or NBFC, is required to tag an account as NPA on the day the account becomes overdue for more than 90 days.  

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