Non Performing Loan

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Non Performing Loan

A loan in or near default. According to the International Monetary Fund, a non-performing loan is any loan in which: interest and principal payments are more than 90 days overdue; or more than 90 days' worth of interest has been refinanced, capitalized, or delayed by agreement; or payments are less than 90 days overdue but are no longer anticipated. Another definition of a non-performing loan is one in which the maturity date has passed but at least part of the loan is still outstanding. The specific definition is dependent upon the loan's particular terms.
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The company has a well diversified portfolio of assets with the lowest non performing asset (NPA) ratio of 1.29 per cent in the industry.
Net profit for the quarter was boosted by reduction in interest costs, a jump in other income including treasury gains and a reduction in the gross non performing asset level over the previous quarter.
Narayan, addressing a Press conference in Dubai, said the net profit for the quarter was boosted by reduction in interest costs, a jump in other income including treasury gains and a reduction in the gross non performing asset level over the previous quarter.
Its total provisioning for non performing assets (NPAs) or bad loans more than doubled to Rs 5,236.07 crore during the first quarter of 2018-19, from Rs 2,035.96 crore in the year-ago period.
Summary: New Delhi [India], Dec 28 (ANI): The Securities and Exchange Board of India (SEBI) on Thursday allowed the listing of security receipts on stock exchanges by the Asset Reconstruction Company (ARC), a move that could help banks to resolve the Non Performing Assets (NPA) issue.
New Delhi [India], Dec 28 ( ANI ): The Securities and Exchange Board of India (SEBI) on Thursday allowed the listing of security receipts on stock exchanges by the Asset Reconstruction Company (ARC), a move that could help banks to resolve the Non Performing Assets (NPA) issue.
These included Tier 1 capital to Risk Weighted Assets with 40 percent weight, Non performing assets to total assets with 20 percent weight, loan Loss reserve to Non performing assets with 205 weight, Deposits to funding with 155 weight and Efficiency (Cost to Revenue) with 5 percent weight.
Up until now the financial services companies have been required to make provision only for bad loans or non performing assets. Standard assets are loans that are performing well.
The properties were also layered into performing and non performing assets, those owned by the lender (REO) and the property type.
Non performing assets totalled USD11.4m at June 30, 2008 as against USD1.3m at June 30 2007.

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