Start learning →

A term loan becomes an NPA when dues are overdue for more than:

A30 days
B180 days
C60 days
D90 days
Answer & Solution
Correct answer: D. 90 days
1. The question asks: A term loan becomes an NPA when dues are overdue for more than. 2. Correct answer: 90 days. 3. An account is NPA if interest or instalment stays overdue beyond 90 days. _Source: BOI Quick Revision — General Banking & Financial Awareness (2020), NPA_
Practise this question with Quill — IBPS Clerk →

Keep practising NPA & Recovery

Browse all NPA & Recovery questions for IBPS Clerk, or explore more Banking Awareness topics.

Start a NPA & Recovery lesson →
Related questions
Pick the right answer, quicklySpot the one that does not fitDoes 90 days apply, or a crop season?Fill the gaps in the NPA rulesSort each account into its classTrue or false about NPA rulesMatch each asset class to its provisionOrder an account's slide into loss