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Friday, February 1, 2013 - 10:21 IST
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...
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