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Last Updated : Mar 28, 2018 02:01 PM IST | Source: CNBC-TV18

Govt proposes tweaking new NPA framework, concerned with 24-hr default rule: Srcs

The government proposes to tweak the new NPA framework and are in talks with the banking regulator the Reserve Bank of India, reports CNBC-TV18 quoting sources.

CNBC TV18 @moneycontrolcom

The government proposes to tweak the new NPA framework and are in talks with the banking regulator the Reserve Bank of India, reports CNBC-TV18 quoting sources.

The primary concern for the government is the one-day default timeline under the new non-performing assets framework and they want that removed, say sources.

Sources say removal of one-day default could save upto to Rs 20,000-30,000 crore of additional bank provisioning. However these estimates are not confirmed.

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Ashvin Parekh of Ashvin Parekh Advisory Services and Krishnan ASV, Lead Analyst (BFSI),SBIcap Securities shared their views on the above development in an interview with CNBC-TV18.

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First Published on Mar 28, 2018 01:54 pm
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