Lenders create provision buffers to counter slippages - FRANTREPRENUER NEWS

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Tuesday, 12 May 2020

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Lenders create provision buffers to counter slippages

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The Reserve Bank of India (RBI) has asked banks to set aside 10% of those outstanding loans for which a three-month moratorium on repayments was provided. This has to be done in two tranches of 5% each in the March and June quarters.

from Hindustan Times - business https://ift.tt/3cpqvsD
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