Q1
Mod B
Under RBI Master Directions on Prudential Norms (IRAC), a Term Loan account is classified as a Non-Performing Asset (NPA) if interest or principal instalment remains overdue for more than:
Correct Option: C
Detailed Solution
As per standard RBI IRAC guidelines, a credit facility is classified as an NPA if interest and/or instalment of principal remains overdue for more than 90 days in respect of a term loan.
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