Question 5/5
Q5. Consider the following statements:
- A doubtful asset is an asset that has remained a Non-performing Asset (NPAs) for more than 18 months.
- A Sub-standard asset is an asset that has remained NPAs for less than or equal to 18 months.
- A loss asset is an asset that has been identified by the bank but the amount has not been written off.
Which of the statements given above is/are correct?