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Non-NPA NPAs: How Lenders Are Dealing With Supreme Court’s Hold On Bad Loan Recognition
Lenders have not officially tagged accounts as NPA for a four month period following the Supreme Court’s interim order.
09 Dec 2020, 08:08 AM IST
An interim direction from the Supreme Court preventing banks from tagging defaulting accounts as non-performing assets continues to be in place for a fourth month running, forcing bankers to find go-arounds to deal with errant borrowers.In an order dated Sept.3, the apex court had said that accounts which were not declared as NPAs till August 31 cannot be tagged as such until further orders. The directive had come during the hearing ...
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