A. A fixed asset of bank is not been utilised |
B. A portion of deposits not been utilised |
C. A loan asset on which interest and/or installments remain unchanged |
A) Only B
B) Only C
C) Only A
D) Only B and C
E) Only A and C
Correct Answer: B
Solution :
As per the RBI Circular on Asset Classification, released in July 2014, a Non Performing Asset (NPA) is a loan or an advance where; |
(i) interest and / or instalment of principal remain overdue for a period of more than 90 days in respect of a term loan, |
(ii) the account remains 'out of order' in respect of an Overdraft/ Cash Credit (OD/CC). |
(iii) the bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted, etc. |
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