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205 Points Posted on 16 January 2017
What does non perfoming aset mean
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On 16 January 2017 at 16:12 Report
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Tax Consultant
1029 Points Posted on 16 January 2017
An account on which interest is due and charged and the same is not serviced within 90 days from the end of the quarter is a Non Performing Asset.
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On 16 January 2017 at 16:59
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Job
205 Points Posted on 17 January 2017
Can you gve an example.for better understanding?
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On 17 January 2017 at 11:41
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Chartered Accountant
3040 Points Posted on 17 January 2017

Suppose u have taken a loan of Rs. 30 lacs on your house and u do not pay the interest consistently for 3 months ..then the house u have given as a security/mortgage is considered as NPA.

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On 17 January 2017 at 15:42
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Job
205 Points Posted on 17 January 2017
Ohk thnks alot
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On 17 January 2017 at 17:19
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Tax Consultant
1029 Points Posted on 17 January 2017
House is not considered as NPA. It is the loan account which is considered as NPA. For the bank, loan is an asset.
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On 17 January 2017 at 17:53
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Job
205 Points Posted on 17 January 2017
Then cn u provide me wid an example if u thnk dat is wrng
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On 17 January 2017 at 18:05
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article assistant
22 Points Posted on 27 January 2017
suppose u had purchased a car , u hv nt paid 3 months int + principle then ur account will become npa, then they hv the rights to acquire ua Car
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On 27 January 2017 at 22:54


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