The RBI released new guidelines for banks and NBFCs to tackle wilful defaulters, mandating scrutiny of accounts with outstanding debts of Rs 25 lakh and above. Lenders have a six-month window to classify a borrower as a wilful defaulter. No additional credit will be given to these defaulters for a year post removal from the list.
from Banking/Finance-Industry-Economic Times https://ift.tt/0tWmDv8
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