Economics · Economy
Consider the following statements about Non-Performing Assets (NPAs) in India: I. A loan or advance is classified as an NPA if the interest or installment of principal remains overdue for more than 120 days. II. NPAs can be categorized into Sub-standard, Doubtful, and Loss assets. III. NPAs reduce the profitability of banks due to lower income recognition and higher provisioning requirements. IV. NPAs are relevant only for public sector banks in India. How many of the statements given above are correct?
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Only two
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