In the context of the 'Non Performing Assets' in India, consider the following statements: 1. A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. 2. Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets. 3. The Insolvency and Bankruptcy Code (IBC) is one of the major reason behind increasing number of NPAs in India. Which of the above statements is/are correct? - Study24x7
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In the context of the 'Non Performing Assets' in India, consider the following statements: 1. A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. 2. Banks are required to classify NPAs further...

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A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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