Tuesday, February 15, 2022

RBI extends deadline for NBFCS to meet new NPA upgradation norms

“In case of borrowers having more than one credit facility from a lending institution, loan accounts shall be upgraded from NPA to standard asset category only upon repayment of entire arrears of interest and principal pertaining to all the credit facilities,” the RBI said.

from Banking/Finance-Industry-Economic Times https://ift.tt/OFRM3S8

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