Monday, May 16, 2016

RBI asks banks not to treat default by some firms as NPA in Q4

In view of mounting bad loans eating into banks' profits, RBI has allowed them to exclude from provisioning stressed loans of certain companies in the fourth quarter numbers. This will help ease burden on banks to some extent and support their bottom line. About two dozen companies which have been trying to repay loans by selling their assets or some of their subsidiaries have been excluded from defaulters list.

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