To call a loan NPA, the interest or instalment of principal should remain overdue for a minimum period of more than __?
To call a loan NPA, the interest or instalment of principal should remain overdue for a minimum period of more than __?
[A]60 Days
[B]90 Days
[C]120 Days
[D]180 Days
90 Days
According to RBI, terms loans on which interest or instalment of principal remain overdue for a period of more than 90 days from the end of a particular quarter is called a Non- performing Asset.