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NON PERFORMING ASSETS
What is the definition of a Non-Performing Asset (NPA) as per RBI guidelines?
An NPA is a loan or advance where interest and/or principal repayment has remained overdue for a period of more than 90 days in respect of a term loan.
What is the full form of NPA in banking?
Non-Performing Asset, a loan in default.
What is the '90-day norm' for classifying an asset as NPA?
If interest or principal remains overdue for more than 90 days at the end of any quarter, the account is classified as NPA with effect from that date.
Which RBI circular introduced the 90-day NPA recognition norm?
RBI Master Circular on Prudential Norms on Income Recognition.
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