RBI issues circular on NPAs, says defaults need to be recognized within 30 days

Published: 7/06/2019
RBI issues circular on NPAs, says defaults need to be recognized within 30 days
Source: WWW.LIVEMINT.COM

New NPA resolution norms replace all the previous models, says RBI.It is expected that the lenders initiate the process of implementing a resolution plan even before a default, says the central bank

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