Higher loan News
Banks ask RBI to ease higher loan-loss coverage burden
Seek inclusion of write-offs; RBI says no to deadline extension.
Banks have approached the Reserve Bank of India (RBI) to allow loan write-offs to be treated as part of the 70 per cent loan loss coverage mandated by the regulator.
Yesterday, RBI had asked banks to provide money over the next four quarters to provide a higher coverage for sticky assets. The move, which Crisil said would result in an
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