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The phrase "NPA" is highly relevant in the world of finance, particularly when referring to the Indian economy. Non-Performing Assets, or NPAs, are loans or advances that no longer generate income for their lenders owing to default or non-payment by borrowers. The stability and expansion of the Indian economy are significantly impacted by these NPAs. We will explore the idea of NPA, its causes, effects, and impact on the Indian economy in this article. Defining NPA Non-Performing Assets, or NPAs, are loans or advances provided by financial institutions that have not generated any interest or principal repayment for a specified period. The Reserve Bank of India (RBI) mandates specific criteria for classifying loans as NPAs, based on the length of overdue payments. Loans that remain unpaid for more than 90 days are typically considered NPAs. Also Read: Why Unsecured Business Loans Have Become Popular In India? Causes of NPA Several factors contribute to the rise of NPAs in the ...

Paying off several expenses like home renovation, education fees, or medical expenses can leave a big hole in your pocket. That’s when personal loans enter like saviors! In India, we have plenty of non-banking financial companies (NBFCs) and banks that offer personal loans. If you too looking to get a personal loan, then here are the 4 best loan providers you must check out. Best Personal Loan Providers In India 1. HDFC Bank  2. Lendingkart Finance 3. Poonawalla Fincorp 4. Tata Capital 5. IDFC First Bank 1. HDFC Bank One of the biggest private sector banks in India, HDFC Bank, provides personal loans at affordable interest rates. Sashidhar Jagdishan , the bank's managing director, has played a crucial role in determining the expansion and success of HDFC Bank. If you wish to apply for a personal loan, you can visit the bank's website and use their online calculator to determine your eligibility. In case you’re eligible, you can fill out the form and provide the required paperw...

The CIBIL score is an important aspect of maintaining a good financial history. It’s a three-digit number ranging from 300 to 900, which reflects an individual's creditworthiness. A high score indicates good creditworthiness and a low score indicates poor creditworthiness. These are the top 5 factors affecting your CIBIL score so that you can understand what you need to do to maintain a good score. 5 Factors Affecting Your CIBIL Score Payment History Credit Utilization Ratio Length of Credit History Credit Mix Credit Enquiries 1. Payment History One of the most significant factors that affect your CIBIL score is your payment history. It represents how well you have handled your previous loans and credit card bills. Late payments and defaulting on loans can severely hurt your score. Even one late payment can reduce your score, and if you have a history of late payments, it can seriously impact your credit score. The more recent the default, the more the impact on your score. Therefo...