diff --git a/dpnp/dparray.pyx b/dpnp/dparray.pyx
index 7866f46ec261..dbc36b211a30 100644
--- a/dpnp/dparray.pyx
+++ b/dpnp/dparray.pyx
@@ -974,7 +974,7 @@ cdef class dparray:
 
         return iface_sum(*args, **kwargs)
 
-    def max(self, axis=None, out=None, keepdims=numpy._NoValue, initial=numpy._NoValue, where=numpy._NoValue):
+    def max(self, axis=None, out=None, keepdims=False, initial=None, where=True):
         """
         Return the maximum along an axis.
         """
@@ -988,7 +988,7 @@ cdef class dparray:
 
         return mean(self, axis)
 
-    def min(self, axis=None, out=None, keepdims=numpy._NoValue, initial=numpy._NoValue, where=numpy._NoValue):
+    def min(self, axis=None, out=None, keepdims=False, initial=None, where=True):
         """
         Return the minimum along a given axis.
         """
diff --git a/dpnp/dpnp_array.py b/dpnp/dpnp_array.py
index 5d623c415e5f..1610b16ceb65 100644
--- a/dpnp/dpnp_array.py
+++ b/dpnp/dpnp_array.py
@@ -25,7 +25,6 @@
 # *****************************************************************************
 
 import dpctl.tensor as dpt
-import numpy
 
 import dpnp
 
@@ -907,9 +906,9 @@ def max(
         self,
         axis=None,
         out=None,
-        keepdims=numpy._NoValue,
-        initial=numpy._NoValue,
-        where=numpy._NoValue,
+        keepdims=False,
+        initial=None,
+        where=True,
     ):
         """Return the maximum along an axis."""
 
@@ -924,9 +923,9 @@ def min(
         self,
         axis=None,
         out=None,
-        keepdims=numpy._NoValue,
-        initial=numpy._NoValue,
-        where=numpy._NoValue,
+        keepdims=False,
+        initial=None,
+        where=True,
     ):
         """Return the minimum along a given axis."""
 
diff --git a/dpnp/dpnp_iface_statistics.py b/dpnp/dpnp_iface_statistics.py
index c7254ad6d01f..515356e7569f 100644
--- a/dpnp/dpnp_iface_statistics.py
+++ b/dpnp/dpnp_iface_statistics.py
@@ -619,7 +619,6 @@ def nanvar(x1, axis=None, dtype=None, out=None, ddof=0, keepdims=False):
     Parameter `axis` is supported only with default value ``None``.
     Parameter `dtype` is supported only with default value ``None``.
     Parameter `out` is supported only with default value ``None``.
-    Parameter `keepdims` is supported only with default value ``numpy._NoValue``.
     Otherwise the function will be executed sequentially on CPU.
     """
 
@@ -665,7 +664,7 @@ def std(x1, axis=None, dtype=None, out=None, ddof=0, keepdims=False):
     Parameter `axis` is supported only with default value ``None``.
     Parameter `dtype` is supported only with default value ``None``.
     Parameter `out` is supported only with default value ``None``.
-    Parameter `keepdims` is supported only with default value ``numpy._NoValue``.
+    Parameter `keepdims` is supported only with default value ``False``.
     Otherwise the function will be executed sequentially on CPU.
     Input array data types are limited by supported DPNP :ref:`Data types`.
 
@@ -723,7 +722,7 @@ def var(x1, axis=None, dtype=None, out=None, ddof=0, keepdims=False):
     Parameter `axis` is supported only with default value ``None``.
     Parameter `dtype` is supported only with default value ``None``.
     Parameter `out` is supported only with default value ``None``.
-    Parameter `keepdims` is supported only with default value ``numpy._NoValue``.
+    Parameter `keepdims` is supported only with default value ``False``.
     Otherwise the function will be executed sequentially on CPU.
     Input array data types are limited by supported DPNP :ref:`Data types`.
 
diff --git a/tests/skipped_tests.tbl b/tests/skipped_tests.tbl
index cc7ae4cdb630..917adf69d3d2 100644
--- a/tests/skipped_tests.tbl
+++ b/tests/skipped_tests.tbl
@@ -154,6 +154,13 @@ tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction:
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_ptp_nan_imag
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_ptp_nan_real
 
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_max_nan
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_max_nan_imag
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_max_nan_real
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_min_nan
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_min_nan_imag
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_min_nan_real
+
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_0_{order='C', shape=(10,)}::test_cub_max
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_0_{order='C', shape=(10,)}::test_cub_min
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_1_{order='C', shape=(10, 20)}::test_cub_max
diff --git a/tests/skipped_tests_gpu.tbl b/tests/skipped_tests_gpu.tbl
index 6a105b50cba5..75504e75e0ea 100644
--- a/tests/skipped_tests_gpu.tbl
+++ b/tests/skipped_tests_gpu.tbl
@@ -279,6 +279,12 @@ tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction:
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_ptp_nan
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_ptp_nan_imag
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_ptp_nan_real
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_max_nan
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_max_nan_imag
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_max_nan_real
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_min_nan
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_min_nan_imag
+tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestArrayReduction::test_min_nan_real
 
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_0_{order='C', shape=(10,)}::test_cub_max
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_0_{order='C', shape=(10,)}::test_cub_min
@@ -296,6 +302,7 @@ tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_pa
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_6_{order='F', shape=(10, 20, 30)}::test_cub_min
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_7_{order='F', shape=(10, 20, 30, 40)}::test_cub_max
 tests/third_party/cupy/core_tests/test_ndarray_reduction.py::TestCubReduction_param_7_{order='F', shape=(10, 20, 30, 40)}::test_cub_min
+
 tests/third_party/cupy/creation_tests/test_basic.py::TestBasicReshape_param_0_{shape=4}::test_empty_like_K_strides_reshape
 tests/third_party/cupy/creation_tests/test_basic.py::TestBasicReshape_param_1_{shape=(4,)}::test_empty_like_K_strides_reshape
 tests/third_party/cupy/creation_tests/test_basic.py::TestBasicReshape_param_2_{shape=(4, 2)}::test_empty_like_K_strides_reshape