Economics · Banking Sector
According to the standard banking norms in India, a Non-Performing Asset (NPA) is defined as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A loan whose instalment of principal amount alone is overdue for exactly 90 days.
- 2A loan or advance where the instalment of principal or interest amount remains overdue for a period of more than 90 days.✓
- 3A loan which has been completely written off during the last 90 days.
- 4A loan whose instalment of interest amount alone is overdue for exactly 90 days.
Correct answer
A loan or advance where the instalment of principal or interest amount remains overdue for a period of more than 90 days.
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