NBFC NPAs could increase by a third due to tightening of norms: India Ratings
NBFC NPAs could increase by a third due to tightening of norms: India Ratings
The Reserve Bank of India’s clarification accounting of non-performing advances is likely to increase non-banking finance companies’ (NBFCs) non-performing assets (NPAs) by around a third, according to India Ratings (Ind-Ra). NBFCs would also have to invest in systems and processes to comply with daily stamping requirements. Ind-Ra noted that NBFCs have asked the RBI to privide a transition…
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