Banks are in a major dilemma over a directive from the RBI that lenders should decide whether loan accounts that have been ‘red-flagged’ as suspicious over six months ago are fraudulent or not. If banks do not classify these loans as a fraud, they risk being pulled up for being lenient. If they do, they must set aside provisions for 100% of the loan amount within a year.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3fPpgV7
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