Question
What is the maximum period for which a Public Sector
Bank (PSB) can hold a NonPerforming Asset (NPA) before it must be classified as a loss asset?Solution
According to RBI guidelines, an asset is classified as a NonPerforming Asset (NPA) if it remains overdue for more than 90 days. If it is not recovered within a certain period, it may be classified as a loss asset.
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2. Deputy Speaker of Lok Sabha
3. Gen...
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