Some banks are not applying NPA classification rules correctly: RBI - News Summed Up

Some banks are not applying NPA classification rules correctly: RBI


RBI deputy governor N.S. Photo: Abhijit Bhatlekar/MintMumbai: Reserve Bank of India (RBI) deputy governor N.S. Vishwanathan on Wednesday said the central bank has noticed some lenders were not “correctly” following rules on classification of non-performing assets (NPAs). “We have assessed banks’ classification (of loans) based on rules as they are today. And we have found in some cases, they (banks) have not applied rules correctly,” Vishwanathan said.


Source: Mint December 06, 2017 19:52 UTC



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