non performing assets
Answers were Sorted based on User's Feedback
Answer / shashank agarwal
The assest which are not giving any return to the company
Example: Bad Debt
Is This Answer Correct ? | 9 Yes | 1 No |
Answer / anupam kundu
A loan or lease that is not meeting its stated principal
and interest payments. Banks usually classify as
nonperforming assets any commercial loans which are more
than 90 days overdue and any consumer loans which are more
than 180 days overdue. More generally, an asset which is
not producing income.
Is This Answer Correct ? | 8 Yes | 0 No |
Answer / aman gemini
A classification used by financial institutions that refer
to loans that are in jeopardy of default. Once the borrower
has failed to make interest or principal payments for 90
days the loan is considered to be a non-performing asset.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / aman gemini
mortgage loans, car loans, credit card debt and installment
loans
Is This Answer Correct ? | 1 Yes | 2 No |
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