As defaults mount, banks seek easier NPA norms

Saddled by growing stock of stressed loans, banks have asked the Reserve Bank of India (RBI) to soften its stand on the restructuring of bad assets while issuing its final guidelines. In a feedback to the regulator on the recommendations of the Mahapatra committee, which has suggested stiffer rules to deal with restructuring of non-performing assets (NPAs), banks have requested that accounts that have been restructured once should be considered as standard...........

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