RBI Tells To Bank Set Aside More For Stressed Loans


The Reserve Bank of India (RBI) has directed commercial banks to accelerate provisioning requirement, from April 1, for the existing stock of restructured loans that are showing signs of stress.RBI has identified bank specific accounts in which respective lenders have to make higher provisioning from April 1. These accounts were restructured earlier. Banks have provided only 5 per cent for these restructured loans.

Read More At The Hindu

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