RBI clears fog on special provisioning

An SMA2 loan which has been given moratorium and is not serviced by the borrower becomes an NPA by March 30. Such a loan will attract a total provisioning of 10% — of which 5% will be as of March-end and another 5% at the close of the June quarter.

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