![Converting NPA Account to Normal Account: A Comprehensive Guide NPA Account](https://www.howtotrickz.com/wp-content/uploads/2023/07/NPA-Account-600x400.jpg)
Converting NPA Account to Normal Account: A Comprehensive Guide
When a non-performing asset (NPA) account, which refers to an account where the borrower has defaulted on loan repayments for a considerable period, starts showing signs of improvement, it is possible to convert it back into a normal account. This process involves several steps and requires the cooperation of both the borrower and the lender….