Npa
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 April 2012
What is NPA and please explain with example.
13 April 2012
NPA: 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 The Reserve Bank of India.
An asset becomes non-performing when it ceases to generate income for the bank on actual realization basis.
For more check out below link---
https://kalyan-city.blogspot.in/2011/07/non-performing-assets-npa-meaning-types.html
An asset becomes non-performing when it ceases to generate income for the bank on actual realization basis.
For more check out below link---
https://kalyan-city.blogspot.in/2011/07/non-performing-assets-npa-meaning-types.html
13 April 2012
AGREE WITH ABOVE EXPERT...
13 April 2012
and if interest is outstanding for more than 90 days the asset is NPA.
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