Business / RBI Likely To Offer More Time For Bank-Led Resolution Of Bad Loans

NDTV : Apr 23, 2019, 05:45 PM
The RBI is likely to adopt a more accommodative approach towards resolution of stressed assets when it issues a revised circular, replacing the controversial February 12 circular quashed by the Supreme Court. Banks will be given 30 days time from the first default to identify and qualify an account as a bad debt. RBI could relax norms for approval of a bank led resolution plan with 90 per cent voting.