Saturday, October 10, 2020

Reserve Bank of India appeals to Supreme Court to allow NPA classification

The Reserve Bank of India, in a filing to the Supreme Court late on Friday, warned that failure to immediately lift an interim stay on banks classifying any loan as a non-performing asset (NPA) would also undermine the central bank's regulatory mandate.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/reserve-bank-of-india-appeals-to-supreme-court-to-allow-npa-classification/articleshow/78589234.cms

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