Banking company
This query is : Resolved
Neeraj Sharma
(Querist)
10 April 2014
If a customer is paying only interest on loan and principle remains unpaid for more than 12 months.
It would NPA or PA for bank.
It would NPA or PA for bank.
Nikhil Kaushik
(Expert)
10 April 2014
it becomes NPA even if the principle remains unpaid for 3 months.
Neeraj Sharma
(Querist)
10 April 2014
and if borrower pays principle and interest remains unpaid four more than 90 days
Nikhil Kaushik
(Expert)
11 April 2014
the position remains same,...u need to service both interest and principle to remain standard asset.
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