Results for tag: "Non Performing Asset"

Non-Performing Assets (NPAs) are loans or advances that have been classified by a lender as unlikely to be repaid in full. These assets are typically loans that have been delinquent for 90 days or more, or have been restructured to provide for delayed payments. NPAs are a major concern for lenders, as they can lead to significant losses. NPAs can arise from a variety of causes, including economic downturns, changes in the borrower's financial situation, or a lack of repayment discipline. In order to mitigate the risk of NPAs, lenders may employ a variety of strategies, such as credit scoring, loan monitoring, and loan restructuring. The NPA market is an important part of the credit and loan industry, as it provides lenders with a way to manage their risk and protect their investments. Companies in the NPA market include debt collection agencies, asset management firms, and financial institutions. Show Less Read more