is a loan or advance wherein interest or installments of principal remain overdue for a period of 90 days.

NPA

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Solution

The correct option is A NPA
Non-Performing Assets is a loan or advance wherein interest or installments of principal remain overdue for a period of 90 days.

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Similar questions

Q. NPA is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than ______ days in respect of a term loan.

Q5. Consider the following statements:

1. According to RBI norms, if the principal or interest is overdue for one day to 30 days, the account is identified as Special Mention Account – 0 (SMA-0) category.

2. If a loan is not repaid for more than 60 days, it is classified as non-performing asset (NPA).

Which of the above statements are correct?

Q13. Consider the following statements about Special Mention Account:

1. Before a loan account turns into an NPA, banks are required to identify incipient stress in the account.

2. SMA-0 is an account in which principal or interest payment not overdue for more than 30 days but account showing signs of incipient stress.

Which of the following statements are correct?

Which of the following will be classified as Non-Performing Asset:

Code:

1 and 2 only
1 only
2 only
3 only

Q. _________ is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

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is a loan or advance wherein interest or installments of principal remain overdue for a period of 90 days.

The correct option is A NPANon-Performing Assets is a loan or advance wherein interest or installments of principal remain overdue for a period of 90 days.

The correct option is A NPA
Non-Performing Assets is a loan or advance wherein interest or installments of principal remain overdue for a period of 90 days.