Economics · NPA Management
Which of the following characteristics is true for Doubtful Assets under the IRAC (Income Recognition and Asset Classification) Norms of the RBI?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The loan remains overdue for a period less than 90 days.
- 2The loan is considered performing and does not require any provisioning.
- 3The asset has remained in the sub-standard category for a period exceeding 12 months.✓
- 4The loan is classified as a loss asset immediately without passing through the sub-standard stage.
Correct answer
The asset has remained in the sub-standard category for a period exceeding 12 months.
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