Pending professional review. This content was drafted with Claude from official sources and has not yet been reviewed by an ArthaKara professional. Verify against the official sources before relying on it.
Simple meaningA loan on which interest or principal is overdue for more than 90 days.
Relevant ActRBI Master Circular on IRACP norms
Technical meaning
A loan or advance where interest or instalment remains overdue for more than 90 days, under RBI prudential norms.
Practical example
A term loan unpaid for 95 days becomes an NPA.
Related terms
- SMA
Official reference
RBI Master Circular on IRACP norms
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