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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References in periodicals archive ?
SBI said the resolution plan for the recovery of non-performing asset (NPA) has been approved and filed in NCLT Ahmedabad, according to which the minimum recovery to the bank is Rs 11,313.
ADIB also maintained a conservative policy of non-performing asset recognition and remedial management, including taking an additional AED 564.2 million in credit provisions, to ensure a healthy pre-collateral non-performing asset coverage ratio of 79.8 per cent of the impaired portfolio, net of write-offs.
The bank said it maintained its conservative approach to non-performing asset recognition and provisioning in line with both best practice and UAE Central Bank guidelines, ensuring a healthy pre-collateral non-performing asset coverage ratio of 70.2 per cent.
The Islamic lender ADIB maintained its conservative approach to non-performing asset recognition and provisioning in line with both best practice and UAE central bank guidelines, ensuring a healthy pre-collateral non-performing asset coverage ratio of 70.2 per cent.
The second biggest Islamic lender has maintained its conservative approach to non-performing asset recognition and provisioning, ensuring a healthy pre-collateral non-performing asset coverage ratio.
Through our Workout Services Group, we will transform this non-performing asset into a profitable venture employing a detailed restructuring program."
"We always believed that with the right owner, 2 Broadway could be transformed from a non-performing asset to a prime asset," said Brian Given, executive managing director of GVA Williams.
Summary: New Delhi [India], May 2 (ANI): Delhi's National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the banker to declare loan and Infrastructure Leasing and Financial Services (IL&FS) as a non-performing asset that has defaulted on the payments.
A year ago, the Indian central bank (RBI) issued a directive that unpaid loans, even if they are only delayed by one day, would be considered as non-performing asset. The Supreme Court, following appeals from various banks, will issue a verdict on whether the RBI's rule can be applied to all industrial sectors.
6 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Tuesday termed industrialist Gautam Adani as the "biggest Non-Performing Asset (NPA) trapeze artiste in PSUs."
In its report, 'China Financial Non-performing Asset Market Survey Report (2018),' China Orient Asset Management said that NPL ratios of Chinese commercial banks have been widely underestimated on paper and suggested that lenders could even be encouraged to conceal their NPLs by performance assessments and new regulatory requirements.
Summary: New Delhi [India] March 5 (ANI): The Bharatiya Janata Party (BJP) on Monday said not a single loan given under Prime Minister Narendra Modi's rule has become a non-performing asset (NPA).