Indian banks seek easier loan repayment, NPA classification due to Covid-19

IBA has made a five-point wish-list for the consideration of the RBI, and the request to defer term-loan installments for six months tops that charter of demands. Also on the list is an extension of the time period for classification of NPAs on short term loans like cash credits and overdraft and guarantees like letters of credit (LCs) from the present 90 days to 180 days.

from Markets-Economic Times https://ift.tt/3diPLBJ