Bad loan resolution: RBI mulls giving up to 60 days additional time for repayments
Updated : April 25, 2019 07:06 PM IST
The February 12 circular had mandated banks to refer an NPA account for insolvency proceedings in case a resolution is not found within 180 days.
While the 90-day period for recognising an account as NPA would remain, the central bank would be looking at providing more leeway for the entities concerned to repay the loans.
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