if a bill discounted by u then you what are the consequences - TopicsExpress

if a bill discounted by u then you what are the consequences then.. the drawee has to pay bill amount right! the if such person makes any default the bank will asks u then after that if u fails to pay the bill amount with in 90 days then it becomes NPA along with that every account with u becomes NPA . And if in the case of non fund based limits and fund based limits when fund based limit becomes NPA non fun based cant be treated as NPA. Because that is off balance sheet item. --Shruthi

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