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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.
Bad loan resolution: RBI mulls giving up to 60 days additional time for repayments

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