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
CA PRAVEEN SINGH
(Expert)
13 April 2012
AGREE WITH ABOVE EXPERT...
CA Prashant Gupta
(Expert)
13 April 2012
and if interest is outstanding for more than 90 days the asset is NPA.
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