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What is the time frame for classifying an asset as NPA in India?
  • a)
    30 days
  • b)
    60 days
  • c)
    90 days
  • d)
    180 days
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
What is the time frame for classifying an asset as NPA in India?a)30 d...
In India, an asset is classified as a Non-Performing Asset (NPA) if the borrower fails to repay the principal amount and interest within 180 days of the due date. This time frame is longer compared to the international norm of 45 to 90 days.
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