Age of oldest Dues Sample Clauses

Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid. In the aforesaid illustration, if the dues relating to 01-02-2021 remain unpaid till 01-03-2021, the age of the oldest dues is reckoned as 29 days on 02-03-2021.
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid. In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01.03.2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021. Bank will recognize the incipient stress in loan accounts, immediately on Default, by classifying them as Special Mention Accounts (SMA). The basis of classification of SMA / NPA Category shall be as follows : SMA-0 Upto 30 days SMA-1 More than 30 days and upto 60 days SMA-1 More than 30 days and upto 60 days SMA-2 More than 60 days and upto 90 days SMA-2 More than 60 days and upto 90 days Non-Performing Asset (NPA) is a loan or an advance where :
Sample 1Sample 2Sample 3See All (8)
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid. In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01.03 2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021. Classification as Special Mention Account (SM A) and Non-Performing Asset (NPA) Lending institutions will recognize the incipient stress in loan accounts, immediately on Default, by classifying them as Special Mention Accounts (SMA) The basis of classification of SMA/ NPA Category shall be as follows: Loans in the nature of Term Loans Loans in the nature of cash credit/ overdraft SMA Sub-categories Basis for classification - Principal or interest payment or any other amount wholly or partly overdue SMA Sub-categories Basis for classification - Outstanding balance remains continuously in excess of the sanctioned limit or drawing power, whichever is lower, for a period of SMA-0 Upto 30 days SMA-1 More than 30 days and upto 60 days SMA-1 More than 30 days and upto 60 days SMA-2 More than 60 days and upto 90 days SMA-2 More than 60 days and upto 90 days However, In case of NBFCs, the reference to 90 days for SMA-2 / NPA classification to be read as per the applicable norms and also subject to the provisions of the RBI Circular DOR CRE.REC .No.60/03.10.001/2021- 22 dated October 22,2021 on 'Scale Based Regulation (SBR): A revised Regulatory framework for NBFCs . Also . the asset classification norms of Agricultural advances which are based on Crop Season shall continue as hitherto. Signature of Borrower(s) Non-performing Asset: Non-Performing Asset (NPA) is a loan or an advance where:
Sample 1Sample 2Sample 3See All (7)
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01.03.2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021. Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA) Lending institutions will recognize the incipient stress in loan accounts, immediately on Default,by classifying them as Special Mention Accounts (SMA) The basis of classification of SMA / NPA Category shall be as follows: The asset classification norms of Agricultural advances which are based on Crop Season shall continue as hitherto. Non-performing Asset: Non-Performing Asset (NPA) is a loan or an advance where: i. interest and/ or instalment of principal remains overdue for a period of more than 90 days in respect of a term loan, ii. the account remains 'out of order' as indicated below, in respect of an Overdraft/Cash Credit (OD/CC), iii. the bill remains overdue for a period of more than 90 days in the case of bills purchased and discounted, iv. the instalment of principal or interest thereon remains overdue for two crop seasons for short duration crops, v. the instalment of principal or interest thereon remains overdue for one crop season for long duration crops. An account shall be treated as 'out of order' if: i. the outstanding balance in the CC/OD account remains continuously in excess of the sanctioned limit/drawing power for 90 days, or ii. the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but there are no credits continuously for 90 days, or the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but credits are not enough to cover the interest debited during the previous 90 days period. 01.01.2022 01.01.2022 Entire dues upto 01.01.2022 0 NIL NA NA NA 01.02.2022 01.02.2022 Partly paid dues of 01.02.2022 1 SMA-0 01.02.2022 NA NA 01.02.2022 02.02.2022 Partly paid dues of 01.02.2022 2 SMA-0 01.02.2022 NA NA 01.03.2022 Dues of 01.02.2022 not fully paid 01.03.2022 is also due at EOD 01.03.2022 29 SMA-0 01.02.2022 NA NA Dues of 01.02.2022 fully paid, Due for 01.03.2022 not paid at EOD 01.03.2022 1 SMA-0 01.03.2022 NA NA No payment of full dues of 01. 02.2022 AND 01.03.2022 at EOD 03.03.2022 31 SMA-1 01.02.2022 / 03.03.2022 NA NA Dues of 01.02.2022 fully paid, Due for 01.03.2022 not fully paid at EOD 01.03.2...
Sample 1
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid in the aforesaid illustration, if the Dues relating to 1 st February 2021 remain unpaid till 01.03.2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021. Non-performing Asset (NPA): Non-Performing Asset (NPA) is a loan or an advance where interest and/ or instalment of principal remains overdue for a period of more than 90 days in respect of a term loan. Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA): Lending institutions will recognize the incipient stress in loan accounts, immediately on Default, by classifying them as Special Mention Accounts (SMA) The basis of classification of SMA / NPA Category shall be as follows: Illustrative movement of an account to SMA category to NPA category based on delay / nonpayment of dues and subsequent upgradation to Standard category at day end process: Payment Due Date Payment Date Payment Covers Oldest dues (days) SMA/NPA Category SMA since Date / SMA class date NPA Status NPA Date
Sample 1Sample 2
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01. 03.2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021. Lending institutions will recognize the incipient stress in loan accounts, immediately on Default, by classifying them as Special Mention Accounts (SMA) The basis of classification of SMA / NPA Category shall be as follows: Loans in the nature of Term Loans Loans in the nature of Cash Credit/Overdraft SMA Sub- categories Basis for classification- Principal or interest payment or any other amount wholly or partly overdue. SMA Sub- categories Basis for classification- Outstanding balance remains continuously in excess of the sanctioned limit or drawing power, whichever is lower, for a period of: SMA-0 Upto 30 days SMA-1 More than 30 days And upto 60 days SMA-1 More than 30 days And upto 60 days SMA-2 More than 60 days And upto 90 days SMA-2 More than 60 days And upto 90 days However, In case of NBFCs, the reference to 90 days for SMA-2/ NPA classification to be read as per the applicable norms and also subject to the provisions of the RBI Circular DORCRE.REC.No.60/03.10.001/2021-22 dated October 22,2021 on 'Scale Based Regulation (SBR): A revised Regulatory framework for NBFCs. Also, the asset classification norms of Agricultural advances which are based on Crop Season shall continue as hitherto. Non-Performing Asset (NPA) is a loan or an advance where: i interest and/ or instalment of principal remains overdue for a period of more than 90 days in respect of a term loan,
Sample 1
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01.03.2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021. Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA) Lending institutions will recognize the incipient stress in loan accounts, immediately on Default,by classifying them as Special Mention Accounts (SMA) The basis of classification of SMA / NPA Category shall be as follows: SMA Sub-categories Basis for classification – Principal or interest payment or any other amount wholly or partly overdue SMA Sub-categories Basis for classification – Outstanding balance remains continuously in excess of the sanctioned limit or drawing power, whichever is lower, for a period of SMA-1 More than 30 days and upto 60 days SMA-1 More than 30 days and upto 60 days SMA-2 More than 60 days and upto 90 days SMA-2 More than 60 days and upto 90 days The asset classification norms of Agricultural advances which are based on Crop Season shall continue as hitherto. Non-Performing Asset (NPA) is a loan or an advance where:
Sample 1
AutoNDA by SimpleDocs
Age of oldest Dues. The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to remain unpaid. In the aforesaid illustration, if the dues relating to 01-02-2021 remain unpaid till 01-03-2021, the age of the oldest dues is reckoned as 29 days on 02-03-2021. (i) Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA) Lending institutions will recognize the incipient stress in loan accounts, immediately on default, by classifying them as Special Mention Accounts (SMA). The basis of classification of SMA / NPA category shall be as follows: SMA Sub categories Basis for classification – Principal or interest payment or any other amount wholly or partly overdue SMA Sub- categories Basis for classification – Outstanding balance remains continuously in excess of the sanctioned limit or drawing power, whichever is lower, for a period of: SMA 0 Up to 30 days NA NA SMA 1 More than 30 days and Up to 60 days SMA 1 More than 30 days and Up to 60 days SMA 2 More than 60 days and Up to 90 days SMA 2 More than 60 days and Up to 90 days (j) Non-performing Asset:
Sample 1

Related to Age of oldest Dues

  • When Your Coverage Begins Your coverage will begin on the first day of the month following your eligibility date as long as we receive required enrollment information within the first thirty (30) days following your eligibility date and the premium is paid. If you or your dependents fail to enroll at this time, you cannot enroll in the plan unless you do so through an Open Enrollment Period or a Special Enrollment Period.

  • Holiday Falling on a Scheduled Workday An Employee who works on a designated holiday which is a scheduled workday shall be compensated at the rate of double time for hours worked, plus a day off in lieu of the holiday; except for Christmas and New Year's when the compensation shall be at the rate of double time and one-half (2½) for hours worked, plus a day off subject to this Agreement.

  • Vendor's After Hours RS Means Coefficient

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!