Banking · Asset Classification
Based on the last full payment date of November 5, 2024, what is the correct asset classification status of Mr. Sharma's Home Loan account as on March 31, 2025, assuming the bank follows the 90-day delinquency norm for NPA classification?
- 1Sub-Standard Asset
- 2Non-Performing Asset (NPA)✓
- 3Special Mention Account 2 (SMA-2)
- 4Special Mention Account 1 (SMA-1)
Correct answer
Non-Performing Asset (NPA)
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