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.
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:
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 Assest (NPA) : 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 : Loans other than revolving facilities Loans in the nature of revolving facilities like cash credit / overdraft SMA Sub Categories Basis for classification - Principal or interest payment or any other amount wholly of 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 Non-performing Asset : Non-Performing Asset (NPA) is a loan or an advance where :
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: Loan in the nature of Term Loans Loans in the nature of cash credit / over draft 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: Non-Performing Asset (NPA) is a loan or an advance where:
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,
