Stressed Asset Norms

STRESSED ASSET NORMS   For: Mains Topic covers: Stressed Assets, New Norms, NPA, Restructured Loan News Flash The Reserve Bank of India (RBI) recently issued a new prudential framework for resolution of stressed assets, giving lenders leeway to review a borrower account within 30 days of default. RBI stipulates additional provisions in case of delayed implementation of the resolution plan (RP). The new framework gives lenders a breather from the one-day default rule whereby they…

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