hi friends,
please kindly explain what is the meaning of performing assets and non- performing assets.
thanks in advance.
5 Replies
(Guest)
Dear Sudha!
Every bank classifies its advances into two broad catagories 1. Performing assets 2. Non-performing assets.
An assets becomes non-performing when it ceases to generate income for the bank. Advances that regularly generate income for the bank are classified as performing assets.
Thanks & regards
Himanshu Awasthi
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