RBI’s bad loan norms to give more room to lenders to resolve big ticket NPAs

The report said under the current and revised dispensation, an additional provisioning of 20 per cent would have to be made in case resolution plan is not implemented within 180 days from the end of the review period, which is after 210 days of default.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KHWVUs