SMA and NPA Explained: What Happens on Day 31, 61 and 91 After a Missed EMI
Suresh runs a hardware shop in Jaipur and pays a car loan EMI of ₹21,500 on the 10th of every month. In June 2026 a supplier paid him late and the EMI bounced. Nothing seemed to happen that week, but the bank’s system had already started counting. That count decides when his loan moves through…
