Banking
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2010
Description of Non performing Assets
22 April 2010
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.
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