Moratorium: 10% provisioning may shave Rs 35,000 cr off bank profits

The Reserve Bank of India's directive asking banks to make 10 per cent provisions on all moratorium loans will shave at least Rs 35,000 crore off their profitability in financial years 2019-20 and 2020-21, according to a report.

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