If bad loans are tackled quickly, RBI offers alternate options
By Neelima Shankar
Dec 19, 2013
Print    Email    RSS   

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

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Haven’t filed a return of your income?...
Complete guide to TDS on fixed deposits in...
Plan your tax, don’t evade it
Carnival of Indian Personal Finance Blogs #1
Children’s Saving Account- teaching...

MEXING: CaℒL Giℛℒ In Hoshiarpur 09855660911...
Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive