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Non Performing Assets

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Souvik Ghosh Article Assistant [ Scorecard : 966]	Posted On 20 May 2011 at 09:13
	Can someone give me the answer to this question: "Once a Non Performing Asset, always a Non Performing Asset"-Comment.

Vinit CA Final [ Scorecard : 135]	Posted On 20 May 2011 at 11:08
	When the loan and advances starts generating income than such character is cease to exist.


Saurabh Mittal CA Final Ambala Cantt [ Scorecard : 39]	Posted On 20 May 2011 at 11:51
	when NPA generates income than the assets classification has been changed.

subramanya bhagirath k B.Com., CA - Final [ Scorecard : 452]	Posted On 20 May 2011 at 17:23
	NPA can be a standard asset if starts generating income again... Altrernatively to save an account from being an NPA ... u can collect CADU amount i.e. Critical Account Due... from the customer.. which is nothing but an equated monthly installment... if the customer pays this amount before an asset is in last stage of conversion to NPA.. ie. potential NPA.. then asset need not be classified as NPA... corrections and clarifications welcome...

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