Suyash Management Services
Non Performing Asset (NPA) 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 RBI. With effect from March 31, 2004, a non-performing asset (NPA) is classified as a loan or an advance where interest and /or installment of principal remain overdue. Banks are required to classify non-performing assets further into the following three categories based on the period for which the asset has remained non-performing and the realisability of the dues:
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