BANKING AFFAIRS

Detailed explanation-1: -Definition: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. Description: Banks are required to classify NPAs further into Substandard, Doubtful and Loss assets.

Detailed explanation-2: -NPA full form is Non-performing Assets. NPA is nothing but the loans that are being given by the Indian banks and other operating financial institutions whose interests as well as the principal amounts have been in a state of overdue status for a fairly long time.

Detailed explanation-3: -It is an agency of the United States federal government whose mission is to protect human and environmental health. Headquartered in Washington, D.C., the EPA is responsible for creating standards and laws promoting the health of individuals and the environment.

Detailed explanation-4: -1. Standard Assets. They are NPAs that have been past due for anywhere from 90 days to 12 months, with a normal risk level.

Detailed explanation-5: -NPA classification of Credit Card Accounts A credit card account will be treated as non-performing asset if the minimum amount due, as mentioned in the statement, is not paid fully within 90 days from the payment due date mentioned in the statement.