Keep status quo on asset classification: HC to banks

Hearing a case between Yes Bank and Anant Raj, the court said the company’s account should be counted as ‘standard’ and it must be permitted to avail of the moratorium even if it has missed payments, since the account was not classified as a ‘bad loan’ before March 1. Banks classify a loan as ‘bad’ if it is overdue for 90 days.

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