BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assets that can exchange income;
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Assets that eases to earn interest income
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assets that have not been commented upon by the auditors
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all the above
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Detailed explanation-1: -Non-performing asset (NPA)-It is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. NPA as defined by the RBI, “if for a period of more than 90 days, the interest or installment amount is overdue then that loan account can be termed as a Non-Performing Asset.
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: -performing asset means a real estate asset that is in material compliance with its original contract terms and which is not a Distressed Asset or a Non-Performing Asset at the time of acquisition by the Company.The “
Detailed explanation-4: -A nonperforming asset (NPA) is a debt instrument where the borrower has not made any previously agreed upon interest and principal repayments to the designated lender for an extended period of time. The nonperforming asset is, therefore, not yielding any income to the lender in the form of interest payments.