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What does the term "NPA" stand for in the context of banking and finance?
  • a)
    New Performing Assets
  • b)
    Non-Personal Assets
  • c)
    Non-Performing Accounts
  • d)
    Non-Performing Assets
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What does the term "NPA" stand for in the context of banking...
Non-Performing Assets (NPAs) refer to those assets, primarily loans, that do not generate periodical income due to non-repayment by borrowers within a certain period. These assets are considered as non-performing when borrowers fail to repay both the principal amount and interest for a specific time frame.
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