90-Day NPA Norm Shall Exclude Moratorium Period For Accounts Which Were Standard As On March 1 : RBI Governor [Read Statement]
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17 April 2020 11:01 AM IST
![90-Day NPA Norm Shall Exclude Moratorium Period For Accounts Which Were Standard As On March 1 : RBI Governor [Read Statement] 90-Day NPA Norm Shall Exclude Moratorium Period For Accounts Which Were Standard As On March 1 : RBI Governor [Read Statement]](https://www.livelaw.in/h-upload/2020/03/27/750x450_371772-shaktikanta-das-reserve-bank-of.jpg)
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17 April 2020 11:01 AM IST
The Reserve Bank of India Governor announced on Friday that the moratorium permitted by it on March 27 due to COVID-19 situation can be excluded from the 90-day period for Non Performing Assets(NPA) classification of accounts which were standard as on March 1."It has been decided that in respect of all accounts for which lending institutions decide to grant moratorium or deferment, and which...
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