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A bill purchased or discounted becomes an NPA after:
A30 days
B45 days
C90 days
D60 days
Answer & Solution
Correct answer: C. 90 days
1. The same delinquency rule covers most facilities.
2. The bill has to remain overdue throughout.
3. The cut off is 90 days.
_Source: RBI Master Circular, Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances_
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