The Indian Banks Association is all set to approach the Reserve Bank of India (RBI) requesting the regulator to tweak some of the recently announced non-performing asset (NPA) resolution rules.
It will seek the continuation of the 5:25 rule and also request the RBI to allow banks to retain Scheme for Sustainable Structuring of Stressed Assets (S4A) cases that are already under implementation as standard assets.
Watch accompanying video of CNBC-TV18’s Latha Venkatesh for more details…
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