Npa after 3 or 4th instalment.

Querist : Anonymous (Querist) 09 August 2024 This query is : Resolved
After how many months NPA occurs if EMI of vehicle loan is not paid continually. 3rd or 4th month. Please clarify

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kavksatyanarayana (Expert) 09 August 2024
The time for NPA usually is 90 days from the date of sanctioning of the loan.

T. Kalaiselvan, Advocate (Expert) 10 August 2024
A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.

P. Venu (Expert) 18 August 2024
What are the facts? What is the context?

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