Tuesday, May 5, 2020

RBI clears fog on special provisioning

An SMA2 loan which has been given moratorium and is not serviced by the borrower becomes an NPA by March 30. Such a loan will attract a total provisioning of 10% — of which 5% will be as of March-end and another 5% at the close of the June quarter.

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

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