Jun 23, 2023
What is NPA? A non-performing asset, or NPA, is a commonly used term in credit facilities where there has been a default. The term "non-pe
When a loan becomes an NPA, the bank has the power to seize any property or asset acquired with a loan. The only choice left to the bank is to seize and then auction the mortgaged assets to pay off the outstanding loan. This can be a complex process because the asset will have to be sold at a lower price than it is actually worth.