- Loans and advances given by banks are classified based on their performance.
- Standard Assets: Loans where interest and principal payments are regular.
- Non-Performing Assets (NPA): Loans where interest and/or principal are overdue for more than 90 days.
- Restructured Asset: A bad loan modified into a new loan with extended repayment or reduced interest.
- Written-off Asset: A loan that the lender no longer counts as an asset on its balance sheet.
- Stressed Assets: A broader category including NPAs, Restructured loans, and Written-off assets.