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BQ Exclusive: Banks May Be Staring At Another Rs 60,000-Crore Hit Next Quarter
Banks could be providing against Rs 3 lakh crore worth of bad loans, as resolution of stressed assets get delayed
21 Dec 2019, 10:58 AM IST
Indian lenders may need to set aside another large chunk of money for provisions against stressed assets in the January-March quarter as a regulatory standstill period comes to a close.On June 7, the Reserve Bank of India had issued a new circular for stressed asset regulation which asked banks to sign inter-creditor agreements within 30 days and finalise a resolution plan within 180 days. If a resolution plan is not arrived at withi...
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