Early recognition, and time-bound resolution or liquidation of stressed assets is critical for de-clogging bank balance sheets and for efficient reallocation of capital. The Reserve Bank and the Government of India have been working together to comprehensively address the challenge through a multi-pronged approach. Specific measures are aimed at strengthening the legal, regulatory, supervisory and institutional framework with the ultimate objective of facilitating quick resolution of stressed assets in a time bound manner.
What is NPA?
Definition: A non performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of ....
