What is/are true about Non Performing Assets?
Options
- It is defined as a credit facility in respect of which the interest and/or installment of principal has remained
‘past due’ for a specified period of time.
- It is used by financial institutions that refer to loans that are in jeopardy of default.
- NPAs do not just reflect badly in a bank’s account books, they adversely impact the national economy.
- All of the above.
CORRECT ANSWER : All of the above.
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