Indian banks seek more time over bad loan classification

As the global COVID-19 outbreak derails businesses, the resolution of stressed assets is also likely to be affected. To tackle this, banks asked for another 180 days beyond the six-month window given to banks to resolve bad loan accounts. The Reserve Bank of India had also asked banks to set aside an additional capital conservation buffer (CCB) by the end of this month.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Qz3P07