The correct answer is Loans not repaid within the stipulated time. Non-performing asset (NPA) - It is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days. NPA as defined by the RBI, œif for a period of more than 90 days, the interest or installment amount is overdue then that loan account can be termed as a Non-Performing Asset. Category ConditionsSubstandard Assets Remained NPA for a period not less than or equal to 1 year. Doubtful AssetsRemained in the substandard category beyond 1 year. Loss AssetsAsset considered uncollectible and of little value but not written off wholly by the bank. SARFAESI Act, 2002 (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act) empowers financial institutions to take possession of collateralized assets, manage assets, sell, or lease a part, or all of the business of the borrower. The Act is applicable to cases where security interest for securing the repayment of any financial asset is more than Rs. 1 lakh. SARFAESI Act is not applicable to Agriculture loans (or farm loans).