India Ratings: RBI’s new norms likely to increase NBFCs’ bad loans by one-third

On November 12, the central bank said loan accounts classified as NPAs may be upgraded to ‘standard’ assets only if the entire arrears of interest and principal are paid by the borrower. The rule will apply to both banks and NBFCs.

from Banking & Finance – The Financial Express https://ift.tt/3do8Cwl