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RBI Deputy Governor defends 1-day default clause of Feb 12 circular

Updated : April 18, 2018 07:45:52 IST

As per Feb 12 circular, banks have been asked to classify even one-day delay in debt servicing as default
RBI Deputy Governor says default is a lagging indicator not a leading indicator of financial stress
NS Vishwanathan also slammed banks for not recognising non-performing assets
Published : April 18, 2018 04:15 PM IST

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