The Reserve Bank of India (RBI) may review its June 7 circular’s key trigger points on additional provisioning and the terms to upgrade accounts.
A view that is gaining traction is the grant of longer timelines of up to a year before additional provisioning norms kick in, and reducing it by, say, 10 per cent — from 20 per cent after 180 days from the end of the review period; and from 15 per cent after a year — or a reduction in the additional provisioning to 15 per cent from 35 per cent. Well-placed sources said discussions were on between the banking regulator ...
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First Published: Tue, June 23 2020. 01:18 IST
