BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sub standard assets
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doubtful assets
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loss assets
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standard assets
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Detailed explanation-1: -Current assets is not a type of non performing assets.
Detailed explanation-2: -Devaluated Assets Was this answer helpful?
Detailed explanation-3: -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).
Detailed explanation-4: -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. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.
Detailed explanation-5: -The 3 different categories of Non Performing Assets (NPA’s) are Loss Asset, Doubtful Asset, Substandard Asset.