RBI issues new NPA recognition norms

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
via IFTTT