NPAs

To guide state-owned banks in taking accountability for non-performing assets, the finance ministry recently published a new set of standards and issued the “Staff Accountability Framework for NPA Accounts up to Rs 50 crore (other than fraud cases)”.

A bad bank is a financial entity set up to acquire NPAs from banks and resolve them.

A Public Interest Litigation has been filed in the Supreme Court seeking directions to the Union of India and Reserve Bank of India to permit banks to offer a moratorium on payments to borrowers for the period of June to August.

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