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NPA CIRCULAR
RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- Calcutta High Court voids SBI's sale of Atibir Industries' loans to CFM ARCThis decision comes as SBI had categorised the loan as a non-performing asset (NPA) in 2020 when a central bank circular prohibited banks f...
- Banks can request LOCs against defaulters only in 'exceptional' circumstances: HCThe Delhi High Court has ruled that banks can only request the opening of look-out circulars (LOCs) against defaulters in exceptional circu...
- NBFCs ask RBI Guv to relax NPA classification deadlineNon-bank lenders have reached out to the Reserve Bank of India Governor Shaktikanta Das for a relaxation in the deadline to comply with the...
- No stressed MSME loan to be declared NPA till March 2020: FM Nirmala SitharamanShe said banks have identified some NBFCs that they can lend to so that liquidity and credit is made available to those seeking money.
- RBI issues revised circular on stressed loans: Here are all the detailsSC had quashed RBI's Feb 12 circular that asked lenders to start resolution even if there was a 1-day default.
- ET View: New RBI Circular offers defaulters little wiggle roomThe resolution plan has to be implemented within 210 days of the initial default, instead of 180 days of the initial default.
- New NPA resolution norms in 3-4 days: Shaktikanta DasOn April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as N...
- RBI's revised guidelines for resolution of stressed assets likely before May 23SC had quashed the RBI's February 12 circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore, terming i...
- Stressed assets resolution: RBI mulls giving up to 60 days additional time for repaymentsAgainst the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and ...
- Supreme Court ruling to slow down resolution of stressed assets: Rating agenciesBoth Crisil and Moody’s have voiced their concerns on the impact of the Supreme court ruling.
- In one fell swoop, SC punctures RBI's efforts to tackle bad loansSince beginning, the RBI circular on bad loans created a huge amount of hue and cry in various quarters.
- SC squashing RBI circular negative for banks, to delay resolutionRating agency Moody's in a note Tuesday said voiding of the circular is credit negative for banks.
- Legal fraternity divided over apex court order on NPA circularA detailed verdict is awaited as to what would be status of the resolution of those companies already arrived at under the circular.
- RBI rules out changes in one-day NPA recognition normsThe February 12 circular makes it mandatory to map an account as NPA even on a single-day default.
- Do not expect more stress for banking system: Papia Sengupta, BoB“We never expected interim relief from Allahabad HC but individual borrowers were gung-ho on it.“
- RBI circular on power firms: Allahabad HC reserves order, judgment likely before August 27The RBI circular mandates banks to identify projects with one day default as stressed assets and conclude the resolution proceedings in 180...
- Allahabad high court to continue hearing on RBI circular on power companies tomorrowOn August 14th, the power companies presented their arguments against the circular.
- Micro finance companies may allow borrowers to take repeat loansThe circular does not clarify if a delay would attract any extra levy. This is expected to affect the credit bureau score of both the lende...
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