(Querist) 27 February 2009
This query is : Resolved
whether all the accounts can be declared as NPA by the bank if one of the account has been declare as NPA earlier under the SARFAESI Act.
J. P. Shah
(Expert) 05 March 2009
yES. IF ONE ACCOUNT IS NPA, ALL OTHER ACCOUNTS OF SAME LOANEE WILL BE TREATED AS NPA, AS PER RBI GUIDELINES ON CLASSIFICATION OF ASSETS
Subscribe to Expert Queries Feed