RBI moratorium: Lenders’ body wants RBI to freeze bad loan recognition as on February 29

Lenders do not want any borrower who makes use of the moratorium to fall into the category of a non-performing loan because of having missed payments in the previous two months – January and February. A loan gets classified as a bad loan if the interest or principal is overdue 90 days.

from Banking/Finance-Industry-Economic Times https://ift.tt/3bHDipH