NEWS & ADVICE : FIXED DEPOSITS
If bad loans are tackled quickly, RBI offers alternate options
By Neelima Shankar
Dec 19, 2013
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On Tuesday, as per the regulator released in a notification that If the bad loans issues are resolved quickly by banks, then they would be allowed for getting better options towards stressed assets as well as incentives by the Reserve Bank of India (RBI).

For example - In the occasion of a misfortune marked down of stakes, banks will be permitted to amortize their misfortunes over two years. Nonetheless, if banks are moderate, they will face quickened provisioning once these records are considered non-performing assets (Npas).

To encourage rapid determination of troubled holdings, A central repository of information on large credits (CRILC) was introduced by the RBI which will disperse and store credit information to banks.

The notifications also states that the banks will outfit portions of any record where they have a presentation of Rs. 5 crore or more for building the archive. Also, they will submit current account parts of clients with outstanding equalize of Rs.1 crore or more


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