RBI sets 6-month timeline to classify wilful defaulters after NPA tag

RBI sets 6-month timeline to classify wilful defaulters after NPA tag

Summary

RBI directs banks to classify wilful defaulters within six months of NPA tagging, tightening norms to improve credit discipline from April 2027.

Description

RBI directs banks to classify wilful defaulters within six months of NPA tagging, tightening norms to improve credit discipline from April 2027.

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