Non performing asset?, Accounting Basics

An asset or account of borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss assets as per the guidelines issued by RBI.


An Asset/Advance is considered as non-performing in case if interest or instalment of principal or both remain unpaid for more than two quarters in a financial year.

 

Posted Date: 4/1/2013 6:06:33 AM | Location : United States







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