NPA is the non performing asset and if someone is not able to pay there dues from 90days to 12 months the asset is called as .....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

NPA is the non performing asset and if someone is not able to pay there dues from 90days to 12 months the asset is called as ____

A	substandard Assets
B	Loss Assets
C	Standard Assets
D	NPA
E	None

Explanation:

Detailed explanation-1: -A substandard asset is an asset classified as an NPA for less than 12 months. A doubtful asset is an asset that has been nonperforming for more than 12 months. Loss assets are loans with losses identified by the bank, auditor, or inspector that need to be fully written off.

Detailed explanation-2: -4.1.2 Doubtful Assets A doubtful asset was one, which remained NPA for a period exceeding two years. With effect from 31 March 2001, an asset is to be classified as doubtful, if it has remained NPA for a period exceeding 18 months.

Detailed explanation-3: -1. Substandard assets: Assets which has remained NPA for a period less than or equal to 12 months. 2. Doubtful assets: An asset would be classified as doubtful if it has remained in the substandard category for a period of 12 months. 3.

Detailed explanation-4: -The 3 different categories of Non Performing Assets (NPA’s) are Loss Asset, Doubtful Asset, Substandard Asset.

There is 1 question to complete.