Finometric July 2018 (1)

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NPA – THE CHALLENGE FOR BANKING SECTOR By: Rashika P Reg No-1828835 A non-performing asset, or basically a NPA, is characterized as a credit obligation for which the interest or the instalment of the central amount or both has stayed overdue for a predefined
timeframe. At the end of the day, an asset becomes a non-performing, when it has halted to generate income from the borrower for the lender of the asset. It was decided at the end of Financial Year 2003-2004 to define an “elegance time frame overdue norm” for distinguishing a NPA. The period was decided to be of 90 days. Thereafter with effect from 31st March 2004, a non-performing asset is defined as a loan which remains unpaid for at least 90 days. A loan in this respect can be categorised as follows: On account of a term loan, instalment of vital or interest or both stay overdue, surpassing the elegance time of 90 days On account of consumer loans, any sum that is receivable stays overdue surpassing the effortlessness time of 180 days On account of an Overdraft (OD) or Cash Credit (CC) or Export Packing Credit (EPC) or Pre-shipment Credit in Foreign Currency (PCFC), the record stays inactive or out of request surpassing the effortlessness time of 90 days On account of Cash Credit Facility, pending of accommodation of stock explanations for three ceaseless quarters On account of discounted and acquired bills, the bill stays overdue surpassing the effortlessness time of 90 days On account of a loan or a progress allowed for reasons for agriculture, instalment of central or interest or both stay overdue for two harvest seasons yet for a period not surpassing two date-book years On account of different records, any sum that is receivable stays overdue surpassing the effortlessness time of 90 days Non-performing assets can be additionally ordered into the three classes: Sub-standard assets-A sub-standard asset is an asset that has remained as a non-performing asset for a period that is less than 12 months. Farfetched assets-A farfetched asset is an asset that has remained as a non-performing asset for a period that is more than 12 months. Loss assets-A loss asset is an asset in which the loss has been recognized by the bank, national bank controllers, and either internal or external inspectors. Those assets which can't be recovered
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Page 20: PROGRAMME CO-ORDINATOR DR SURESHA B

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