Question
A borrower has defaulted on a term loan for over 90
days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue amount, but not the entire default. As per RBI norms, how should the account be classified?Solution
As per RBI guidelines, a non-performing account can be upgraded to a standard asset only when all overdues are fully paid. Partial payment does not change the asset classification.
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