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Title: Non Performing assets
Description: Non-Performing Asset (NPA) refers to a loan or advance for which the principal or interest payment remains overdue for a period of 90 days. In simpler terms, it's when a borrower fails to make scheduled payments to a bank or financial institution, leading the asset to be classified as "non-performing." NPAs are a significant concern for banks, as they reduce profitability and impact overall financial health.Recovery efforts aim to reduce NPAs, stabilize the banking sector, and improve credit flow in the economy.
Description: Non-Performing Asset (NPA) refers to a loan or advance for which the principal or interest payment remains overdue for a period of 90 days. In simpler terms, it's when a borrower fails to make scheduled payments to a bank or financial institution, leading the asset to be classified as "non-performing." NPAs are a significant concern for banks, as they reduce profitability and impact overall financial health.Recovery efforts aim to reduce NPAs, stabilize the banking sector, and improve credit flow in the economy.
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Title: Non Performing assets
Description: Non-Performing Asset (NPA) refers to a loan or advance for which the principal or interest payment remains overdue for a period of 90 days. In simpler terms, it's when a borrower fails to make scheduled payments to a bank or financial institution, leading the asset to be classified as "non-performing." NPAs are a significant concern for banks, as they reduce profitability and impact overall financial health.Recovery efforts aim to reduce NPAs, stabilize the banking sector, and improve credit flow in the economy.
Description: Non-Performing Asset (NPA) refers to a loan or advance for which the principal or interest payment remains overdue for a period of 90 days. In simpler terms, it's when a borrower fails to make scheduled payments to a bank or financial institution, leading the asset to be classified as "non-performing." NPAs are a significant concern for banks, as they reduce profitability and impact overall financial health.Recovery efforts aim to reduce NPAs, stabilize the banking sector, and improve credit flow in the economy.