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RECOVERY OF RETAIL LOANS
What is the primary objective of recovery management in retail loans?
The primary objective is to minimize non-performing assets (NPAs) and recover dues from defaulting borrowers through systematic follow-up, negotiation, and legal remedies while maintaining customer relationships wherever possible.
What is the meaning of 'Days Past Due' (DPD) in retail loan monitoring?
Number of days a loan installment remains overdue after due date.
What is a Non-Performing Asset (NPA) in the context of retail loans?
An NPA is a loan or advance where interest or principal installment remains overdue for more than 90 days in the case of term loans, or the account remains out of order for more than 90 days in overdraft/cash credit accounts.
What is a 'Doubtful Asset' in NPA classification under RBI norms?
Asset remaining Sub-Standard for more than 12 months is Doubtful.
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