The RBI may refuse requests for bad-loan exemptions from “shadow banks”
Shadow banks will be required to recognise bad loans on a daily basis, rather than monthly, as some presently do.
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Gross NPAs of Banks likely to increase to 9.5% by September 2022: RBI
A non-performing asset (NPA) refers to a classification for loans or advances that are in default or arrears.
IDFC First Bank reports loss of Rs. 854 crore in June quarter
The loss is due to slippage in a Mumbai-based toll road account. The bank reported a net loss of Rs. 630 crores in Q1 FY22.