RBI asks banks not to standardise bad loans on just getting interest payments

Issuing some clarifications to all the extant provisions and including the ones issued on October 1, 2021, on the prudential norms on income recognition, asset classification and provisioning pertaining to advances (IRACP), the RBI asked banks not to upgrade an NPA account after getting only interest dues paid.

from Banking/Finance-Industry-Economic Times https://ift.tt/30h3Deh