Exceptions to NPA: Where a default of agri loan (backed by State Govt) is made due to natural calamity, can it be considered as NPA?

Questions › Category: CA-Final Bank Audit › Exceptions to NPA: Where a default of agri loan (backed by State Govt) is made due to natural calamity, can it be considered as NPA?

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audit Staff asked 7 years ago

Where a default of agri loan (backed by State Govt) is made due to natural calamity, can it be considered as NPA?

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Ravi Staff answered 7 years ago

if there is a default and loans are rescheduled or renewed then such loans will be treated as fresh loans and counting of days will start again from new due dates for NPA