What is Non-Performing Asset?
Non-Performing Asset A loan or advance for which the principal or interest payment has remained overdue for a specified period (typically 90 days), classified under regulatory norms as impaired or at risk of default.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Non-Performing Asset” Used in Practice?
Banks must report non-performing assets in regulatory filings and make provisions as required by prudential banking standards.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Non-Performing Asset?
A loan or advance for which the principal or interest payment has remained overdue for a specified period (typically 90 days), classified under regulatory norms as impaired or at risk of default.
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