Banks get relief they asked for, a freeze on tagging NPAs for 3 months

“In respect of all accounts for which lending institutions decide to grant moratorium and which were standard as on March 1, 2020, the 90-day NPA norm shall exclude the moratorium period, i.e., there would be an asset classification standstill for all such accounts from March 1, 2020 to May 31, 2020,” Shaktikanta Das said.

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