Monday, September 14, 2020

RBI asks banks to fully automate NPA recognition process

“Banks should ensure that the asset classification status is updated as part of day end process,” the RBI said. “In any exceptional circumstance where manual intervention is required to override the System classification, it must have at least two level authorisation.”

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-asks-banks-to-fully-automate-npa-recognition-process/articleshow/78106285.cms

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