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Covid-19 impact: RBI may review extra-provisioning norms of June 7 circular

Terms on upgrade of accounts also likely to be tweaked as the central bank's June 7 circular may get a relook

Topics
Reserve Bank of India RBI | Coronavirus | Indian banking sector

Raghu Mohan  |  Mumbai 



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Well-placed sources said discussions were on between the banking regulator and senior bankers on the thresholds under the circular, which are almost impossible to be adhered to after the outbreak of the Covid-19 pandemic.

The Reserve Bank of India (RBI) may review its June 7 circular’s key trigger points on additional provisioning and the terms to upgrade accounts.

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First Published: Tue, June 23 2020. 01:18 IST


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