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    Question

    What is the maximum period for which an asset can be considered a substandard asset? 

    A Less than or equal to 6 months Correct Answer Incorrect Answer
    B Less than or equal to 12 months Correct Answer Incorrect Answer
    C Less than or equal to 18 months Correct Answer Incorrect Answer
    D Less than or equal to 24 months Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A substandard asset is one which has remained NPA for a period less than or equal to 12 months.  

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