Monday, November 29, 2021

Industry bodies urge RBI to scrap daily loan asset classification norm

In their letter to the RBI the industry bodies have argued that the strict day-to-day payments based classification would be hard to implement for the borrowers serviced by them as their cash flows and supplies are haphazard. These borrowers make lump sum payments.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/industry-bodies-urge-rbi-to-scrap-daily-loan-asset-classification-norm/articleshow/87994461.cms

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