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EMI 20K
NPA or not?
No. Payments will be first apportioned towards 1st due.
However there is one angle which can be see, normally penal interest
shall be levied on irregular payments as per Loan agreement if
mentioned and in such case that interest will be overdue. But I am not
sure that a account can be treated as NPA due to non collection of penal
interest in 3 months
In case of DLs against deposits, where tenure has expired but loan/od is
not adjusted, interest rate is static, whereas Deposit rate is increasing
due to auto-renewal. Consequently, advance rate is not much below the
deposit rate.
Foreign bills remaining outstanding for a long time and tendency for bills
to remain overdue.