Economics · Economy
Consider the following statements regarding Non-Performing Assets (NPAs) in the Indian banking system: 1. An asset is classified as a Non-Performing Asset when interest or principal remains overdue for more than 90 days. 2. Sub-standard assets are those which have remained NPA for a period less than or equal to 12 months. 3. Doubtful assets are those which have remained in the sub-standard category for more than 12 months. 4. Loss assets are those identified by the bank or auditors as uncollectible but not yet written off. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 3 only
- 21, 2, 3 and 4✓
- 31, 2 and 4 only
- 41, 2 and 3 only
Correct answer
1, 2, 3 and 4
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