Upgradation of NPA Accounts
This query is : Resolved
Ganesh Nema
(Querist)
03 January 2020
Hello Experts,
as per RBI circular clause 4.2.5 Upgradation of loan accounts classified as NPAs
If arrears of interest and principal are paid by the borrower in the case of loan accounts classified as NPAs, the account should no longer be treated as nonperforming and may be classified as ‘standard’ accounts.
My question: if partial amount is collected in NPA account and reduced to less than 90 days overdue period, then the account will be treated as standard or still will be in NPA??
as per RBI circular clause 4.2.5 Upgradation of loan accounts classified as NPAs
If arrears of interest and principal are paid by the borrower in the case of loan accounts classified as NPAs, the account should no longer be treated as nonperforming and may be classified as ‘standard’ accounts.
My question: if partial amount is collected in NPA account and reduced to less than 90 days overdue period, then the account will be treated as standard or still will be in NPA??
22 May 2020
NPA is recognized only when Principal and Interest is past due for more than 90 Days only. If it is less then it will not be recognized as NPA
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