Banking · Non-Performing Assets
Read the following statements regarding Non-Performing Assets (NPAs) and choose the correct option: Statement (I): A commercial loan becomes an NPA when the principal or interest payment remains overdue for 180 days. Statement (II): For agricultural loans, if principal or interest is overdue for two crop seasons (short duration crops), the loan is classified as an NPA.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement (I) and Statement (II) are both incorrect
- 2Statement (I) is incorrect but Statement (II) is correct✓
- 3Statement (I) is correct but Statement (II) is incorrect
- 4Statement (I) and Statement (II) are both correct
Correct answer
Statement (I) is incorrect but Statement (II) is correct
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