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RBI’s New Norms On Negative Loans A Wake Up Call For Defaulters, States Federal Government

RBI’s New Norms On Negative Loans A Wake Up Call For Defaulters, States Federal Government

Investment solutions Secretary mentioned the RBI’s decision wouldn’t posses a lot impact on provisioning norms for banking companies.

Banking institutions will deal with charges in case of failure to comply with the principles, RBI said.

Unique Delhi: In a quote to accelerate the resolution of worst financing, RBI have tightened up formula to make financial institutions recognize and handle any non-payment of financing quickly, a move government entities stated should become a “wake up label” for defaulters. Read more