RBI tightens bad loan rules to align with global norms
Reserve Bank of India (RBI). File | Photo Credit: Reuters The Reserve Bank of India (RBI) has rejigged the rules governing classification of bad loans, definition, and recovery, to align with globally-accepted standards, effective April 1, 2027, according to the Master Directions released on Monday (April 27, 2026). “These Directions are intended to further strengthen…
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