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Reserve Bank may tweak February 12 circular norm to 30-day grace, says report

Updated : April 23, 2019 09:42 AM IST

RBI is likely to replace the one-day default norm with a 30-days grace period to identify the early stress of borrowers.
The revised circular will incorporate the continuous 30-day period even in the case of term loans.
Reserve Bank may tweak February 12 circular norm to 30-day grace, says report

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