May 07, 2024 02:09 (IST)
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RBI extends time for implementation of guidelines for upgrading NPA accounts

RBI extends time for implementation of guidelines for upgrading NPA accounts

The Reserve Bank of India (RBI) extended the time to implement the stricter prudential norms applicable on all lenders to September 2022 in connection with the guidelines regarding upgrading an NPA account as standard but upon clearing all dues.

Reverse Bank of India changes norms 126 times, Congress on RBI backtracking

Reverse Bank of India changes norms 126 times, Congress on RBI backtracking

New Delhi, Dec 21 (IBNS) : As the Reserve Bank of India withdrew its earlier notification on Rs 5000 cash deposit limit for KYC complaint accounts, the Congress on Wednesday criticised the central bank for “changing the norms 126 times”, giving it the mocking sobriquet of "Reverse Bank of India."