Which is false?
1. NPA is a loan or an advance where the bill remains overdue for a period of more than 90days in case of bill purchased & discounted
2. Interest accrued & credited to income A/C in the corresponding year should be reversed or provided for if the same is not realised, if any advance becomes NPA as at close of any year
3. A general provision of 10% on total outstanding of sub-standard assets should be made after making allowance for ECGC guarantee cover & securities available
4. NPA may be classify as a Standard Asset, if the arrears of interest & principal are paid by borro