The new norms will provide greater operational flexibility to the NBFC-MFIs, potentially enabling them to diversify their ...

The Reserve Bank of India (RBI) has recently made a significant move by reducing its key interest rate, commonly referred to ...

RBI's updated digital lending guidelines prompt lenders to exclude DLG cover, impacting fintech partnerships and credit ...

PayPal Payments Private Limited has received the RBI approval to operate as a payment aggregator for cross border exports (PA ...

When any account remains overdue for more than 90 days, such accounts are to be classified as NPA. The NPA definition as per the RBI prudential norms are as follows, An account is classified as an NPA ...

The definition of non-performing assets (NPA) and the date of default is clearly outlined as follows: As per the RBI Master Circular dated 01 April 2022, an asset becomes non-performing when it ceases ...

Ministry of MSME and the RBI in cases of MSMEs having exposure up to Rs 25 crore before classifying them as NPA and/or to initiate any action under the Securitisation and Reconstruction of ...

Banks, NBFCs can't classify MSMEs loan account as NPA without following 2015 framework ... banks licensed to operate in India by the RBI. "What is contemplated in the "Framework for Revival ...

New Delhi, Aug 1 (PTI) The Supreme Court on Thursday ruled that banks and Non-Banking Financial Companies (NBFCs) cannot classify loan accounts of Micro, Small and Medium Enterprises (MSMEs) as ...

It said the instructions issued by the central government under the provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) and by the RBI under the provisions of ...

Before a loan account turns into an NPA (non-performing assets), banks are required ... of targeted solutions,” the association said. FISME urged the RBI to review the wilful defaulter definition, ...