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Npa

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(Querist)
13 August 2013 in case of banking companies if the amount of principal or / and interest remains undue for more than 90 days it becomes npa and after that it is categorised into sub standard asset and now provision of 10% is to be created for a period of not more than 12 months. my question is whether 90 days to included in 12 months or not?
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CA PARTH SHAH

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CA PARTH SHAH (Expert)
01 September 2014 12 months are to be counted after the account becomes NPA i.e. after 90 days
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