RBI tightens provisioning rules for restructured loans
BY Bruhadeeswaran R
The Reserve Bank of India has proposed a steep hike in the provisioning requirement for loan restructuring, raising it to 5% from April 1, against the current 2.75%.
The Reserve Bank of India has increased the provisioning norms on restructured standard accounts to 5 per cent from 2.75 per cent in a phased manner. By March, 2014, the commercial banks have to provide provisioning of 3.75...
To continue reading this article, you must be a Premium subscriber...
A Premium membership gives you:
- Access to all premium articles including exclusives, analyses & commentary.
- Access to archives of over six years.
- Exclusive interviews with top fund managers, CEOs and bankers.