What will happen if some barrowers do not repay

1.	What will happen if some barrowers do not repay
Answer» Answer: The borrower's account is classified as a non-performing asset (NPA) if the repayment is overdue by 90 days. In such cases, the LENDER has to first issue a 60-day NOTICE to the defaulter. “If the borrower fails to REPAY WITHIN the notice period, the bank can GO ahead with sale of assets.

Answer»

Answer:

The borrower's account is classified as a non-performing asset (NPA) if the repayment is overdue by 90 days. In such cases, the LENDER has to first issue a 60-day NOTICE to the defaulter. “If the borrower fails to REPAY WITHIN the notice period, the bank can GO ahead with sale of assets.

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What will happen if some barrowers do not repay