BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following defines a non performing asset?
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In a loan account, the principal due has not been paid for more than ninety days
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In a loan account, the interest due has not been paid for more than ninety days
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Both A and B
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Assets that have not been commented upon by the bank auditors
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Explanation:
Detailed explanation-1: -Definition: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
Detailed explanation-2: -Non-performing assets can include loans, bonds, and other financial instruments, such as mortgages, commercial loans, and credit card debt. The term is most commonly used in the banking and finance industries but can also refer to other investments, such as real estate.
Detailed explanation-3: -Devaluated Assets Was this answer helpful?
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