21 June 2008
with effect form March 31, 2004, a non-performing asset (NPA) shell be a loan or an advance where;
interest and /or installment of principal remain overdue for a period of more than 90 days in respect of a Term Loan,
the account remains 'out of order' for a period of more than 90 days, inrespect of an overdraft/ cash Credit(OD/CC),
the bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted,
interest and/ or installment of principal remains overdue for two harvest seasons but for a period not exceeding two half years in the case of an advance granted for agricultural purpose, and
any amount to be received remains overdue for a period of more than 90 days in respect of other accounts.
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