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Non-performing Assets (NPAs) of a bank in India is defined as an asset, which remains unpaid by a borrower for a certain period of time in terms of interest, principal, or both. Reserve Bank of India (RBI) has changed the definition of NPA thrice during 1993-2004. in terms of the holding period of loans. The holding period was reduced by one quarter each time. In 1993, the holding period was four quarters (360 days). Based on the above paragraph, the holding period of loans in 2004 after the third revision was __________days.
45
90
135
180
It is given in the question that the holding period was reduced by one quarter for each time. Therefore, after third division holding period remains is 90 days. Hence 90 is the answer