Are classified loan and non performing loan same?

No, classified loans and non-performing loans (NPLs) are not the same, though they are related concepts. Classified loans refer to loans categorized by a financial institution based on their credit quality and risk levels, which can include performing and non-performing loans. Non-performing loans, on the other hand, are specifically loans where the borrower has failed to make required payments for a specified period, typically 90 days or more. Thus, all non-performing loans are classified, but not all classified loans are non-performing.