IBC cases: Govt in talks with RBI to relax provisioning norms

A relaxation of RBI provisioning norms for NPA accounts facing Insolvency and Bankruptcy Code will free up capital at banks and boost credit growth

Gopika Gopakumar
Updated12 Oct 2017, 03:48 AM IST
 On 26 June, RBI directed banks to set aside 50% of the loan amount as likely losses for all cases it has referred to NCLT under the Insolvency and Bankruptcy Code. Photo: Aniruddha Chowdhury/Mint
 On 26 June, RBI directed banks to set aside 50% of the loan amount as likely losses for all cases it has referred to NCLT under the Insolvency and Bankruptcy Code. Photo: Aniruddha Chowdhury/Mint(Aniruddha Chowdhury/Mint)

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