2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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60 days
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90 days
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30 days
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45 days
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Detailed explanation-1: -The banking sector follows an automated system for tagging accounts as NPAs, under which the accounts are tagged as NPAs on the day the account becomes overdue for more than 90 days. However, in many NBFCs, this classification is made after the end of 90 or 180 days.
Detailed explanation-2: -The length of a loan moratorium period will vary depending on the individual and is agreed upon between the lender and borrower. A moratorium can be up to a few months to a year. They are generally longer in term.
Detailed explanation-3: -A working capital borrowal account will become NPA if such irregular drawings are permitted in the account for a continuous period of 180 days even though the unit may be working or the borrower’s financial position is satisfactory.
Detailed explanation-4: -HOME LOAN MORATORIUM PERIOD Moratorium period of to 12 months in case of repair & renovation. Moratorium period of up to 48 months in case of Composite Home Loans from the date of first disbursement OR upto the period allowed by Development Authority from the date of purchase of plot, whichever is earlier.