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What does mean the word ?NPA? in Banking Sector

Answer Posted / navya

NON PURCHASE AGREEMENT

IT MEANS IF ANY BANK GIVES LOAN TO THE CUSTOMERS.IF THE
INTEREST FOR THAT LOAN IS NOT PAID BY THE CUSTOMER TILL 90
DAYS THEN THAT ACCOUNT IS CALLED AS NPA ACCOUNT.

Is This Answer Correct ?    49 Yes 55 No



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