.............RBI Deputy Governor K C Chakrabarty will meet CEOs of large commercial banks from on July 16 to discuss what bankers say the 'corrective actions that can be taken by banks to curb rise in bad loans.' An account is classified as bad loan if the borrower fails to pay interest or principal or both within 90 days of due date. Sources from the banking industry said that the meeting would focus on large value bad loans and also practices followed by banks in dealing with borrowers in stress............
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