What is NPA?
Understand the Problem
The question is asking for the definition or explanation of the acronym 'NPA', which could refer to various terms depending on the context, such as 'Non-Performing Asset' in finance, or 'National Police Agency' in governance.
Answer
Non-performing asset (NPA) refers to loans or advances that are overdue by 90 days.
Non-Performing Asset (NPA) is a loan or advance on which the principal or interest payment remains overdue for a period of 90 days.
Answer for screen readers
Non-Performing Asset (NPA) is a loan or advance on which the principal or interest payment remains overdue for a period of 90 days.
More Information
The term is used primarily in banking and finance to describe loans and advances that are in jeopardy of default. NPAs are a concern for banking institutions as they impact profitability and financial health.
Tips
Confusing NPA with terms not related to finance like 'New People's Army' or 'National PACE Association' which have entirely different contexts.
Sources
- Nonperforming Asset (NPA): Definition and Different Types - investopedia.com
- Non-Performing Asset - Definition, Sub-Classifications, How It Works - corporatefinanceinstitute.com
- Non Performing Assets - Definition - The Economic Times - economictimes.indiatimes.com
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