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.

100 days

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30 days

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90 days

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60 days

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120 days

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Solution

The correct option is C 90 days
A non-performing asset (NPA) is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.

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Similar questions

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

Q. NPA is a loan or an advance where?

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?

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?

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

Code:

1 and 2 only
1 only
2 only
3 only

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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.

The correct option is C 90 daysA non-performing asset (NPA) is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.

The correct option is C 90 days
A non-performing asset (NPA) is a loan or an advance where interest and/or installment of principal remain overdue for a period of more than 90 days in respect of a term loan.