QuestionsCategory: CA-Final Bank AuditCA Final mcq 1140 answer shouldnt be sub standard asset
VaibhavVaibhav asked 5 years ago
1 Answers
RaviRavi Staff answered 5 years ago

This question is not from bank audit this is from NBFC, following is text from module, criteria is different when it comes to NBFC
Text
(v) Non-Performing Asset (referred to in these Directions as “NPA”) shall mean:
(a) an asset, in respect of which, interest has remained overdue for a period of six
months or more;