Answer Posted / sharayu gangurde
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 ? | 11 Yes | 5 No |
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