NBFCs ask RBI Guv to relax NPA classification deadline

Non-bank lenders have reached out to the Reserve Bank of India Governor Shaktikanta Das for a relaxation in the deadline to comply with the new bad loan classification rules to October 2022. In an eight-page letter sent by the NBFC industry body Finance Industry Development Council (FIDC), NBFCs have also sought that smaller loans up to ₹2 crore be kept out of the circular.

via Economictimes