The Reserve Bank of India is not looking at giving banks a one-time leeway on provisioning towards non-performing assets at the moment, Deputy Governor K C Chakrabarty said on Wednesday.
“At present, no,” Chakrabarty said, when queried if RBI would dole out the special dispensation, given the trend of rising non-performing assets and loan recast for banks.
In the aftermath of the global financial crises in 2008, RBI had given some leeway to banks on provisioning for loans, which were advanced to companies that had been restructured once. It provided the one-time leeway to relieve companies from repayment pressure.
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