Does NBFC Company Fund an NPA Account?
When a loan becomes an NPA (Non-Performing Asset), getting fresh funding from traditional banks becomes extremely difficult. As per RBI guidelines, no bank can fund an NPA account. However, NBFCs (Non-Banking Financial Companies) are an advantage for NPA cases, offering alternative funding solutions. Because, despite guidelines, these companies have the freedom to choose their clients. So, they can fund an NPA account borrower.