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Friday 7 June 2019

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RBI issues new NPA recognition norms

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The Reserve Bank on Friday issued a new framework for resolution of bad loans, replacing the previous norms quashed by the Supreme Court in April, offering a 30-day gap for stress recognition instead of the one-day default earlier. The new circular provides for a framework for early recognition, reporting and time-bound resolution of bad loans.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2XwnejN
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