The full form of NPA is _______.
- ANon-Performing Assets
- BNon-Public Assets
- CNon-Package Action
- DNon-Performing Actions
Solution & Step-by-step Explanation
In banking and finance terminology, NPA stands for Non-Performing Assets.
An asset (such as a loan or advance given by banks) becomes non-performing when it ceases to generate income for the bank. Typically, a loan is classified as an NPA when interest or principal installments remain overdue for a period of or more.
An asset (such as a loan or advance given by banks) becomes non-performing when it ceases to generate income for the bank. Typically, a loan is classified as an NPA when interest or principal installments remain overdue for a period of or more.