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NPA classification period likely to get 30-day extension as bad loans mount

Move to increase 90-day window to 120 days to give more time to borrowers to service loans

Topics
Bad loans | Non-performing assets | Indian Banks

Shrimi Choudhary  |  New Delhi 



banks, npa, loans, recapitalisation, bad loans, loan restructuring, debt
The RBI had given temporary relief by providing asset classification standstill for standard accounts that availed a moratorium between March 1 and May 31

The Centre is in talks with the (RBI) and other stakeholders to consider the possibility of easing the norms for (NPAs), or bad loans, by extending the classification period to at least 120 days. At present, a loan account turns into an NPA if it is not serviced for 90 days.

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First Published: Mon, January 11 2021. 06:10 IST

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