Restrictions put on Laxmi Coop Bank, Solapur; Rs 1,000 cap on withdrawals
The restrictions imposed under the Banking Regulation Act, 1949, shall remain in force for six months from the close of business on November 12, 2021, and are subject to review, the RBI said in a statement.
RBI asks banks not to standardise bad loans on just getting interest paymentsIssuing some clarifications to all the extant provisions and including the ones issued on October 1, 2021, on the prudential norms on income recognition, asset classification and provisioning pertaining to advances (IRACP), the RBI asked banks not to upgrade an NPA account after getting only interest dues paid.
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