Housing financiers' bad loans jump by 70 bps following new asset quality norms: Report

The Reserve Bank of India (RBI) had on November 12, 2021, introduced tighter asset quality reporting norms for all lenders, which brought in housing financiers and non-banking financial companies (NBFCs) on par with commercial banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/gH2K9M3