RBI's revised directive provides flexibility for lenders

摘要

The Reserve Bank of India released revised norms for resolution of stressed assets in the wake of the judgment of the Supreme Court of India. These fresh norms are applicable to all the lenders including scheduled commercial banks, All- India financial institutions (NHB, EXIM, NABARD and SIDBI), Small Finance Banks, Systemically Important Non-Deposit taking Non-Banking Financial Companies (NBFC-ND-SI) and Deposit taking Non-Banking Financial Companies (NBFC-D) as against the earlier applicability on scheduled commercial banks and All-India financial institutions only, bringing in a level playing field.