Npa
This query is : Resolved
vineet sharma
(Querist)
29 April 2009
What is the meaning of Non performing asset (NPA) can you please explain in the context of a bank
What is the meaning of Qualifying asset
What is the meaning of Qualifying asset
Vipul J. Bhavsar
(Expert)
29 April 2009
Non Performing Asset means an asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss asset, in accordance with the directions or guidelines relating to asset classification issued by RBI.
NPA shall be a Loan or Advance which remains overdue for a period of more than 90 days.
I assume you are asking "Qualifying Asset" as per AS - 16 Borrowing Costs.
A qualifying asset is an asset that necessarily takes a substantial
period of time to get ready for its intended use or sale.
Substantial period of time normally is construed as a period of 12 months.
NPA shall be a Loan or Advance which remains overdue for a period of more than 90 days.
I assume you are asking "Qualifying Asset" as per AS - 16 Borrowing Costs.
A qualifying asset is an asset that necessarily takes a substantial
period of time to get ready for its intended use or sale.
Substantial period of time normally is construed as a period of 12 months.
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Manmohan ACA, CS
(Expert)
30 April 2009
good answer
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