The correct answer is C. where the loss has been identified by the bank.
A lost asset is an asset that has been written off by the bank as a loss. This means that the bank has no expectation of recovering the value of the asset. The bank may have identified the loss as a result of a loan default, a bankruptcy, or other event.
Option A is incorrect because it refers to non-performing assets (NPAs). NPAs are loans that are not being repaid on time. A lost asset is not necessarily an NPA.
Option B is incorrect because it refers to NPAs that have been outstanding for more than 12 months. A lost asset is not necessarily an NPA that has been outstanding for
more than 12 months.Option D is incorrect because it refers to loans that are overdue for a period of 1 year. A lost asset is not necessarily a loan that is overdue for a period of 1 year.