PMO may come to banks’ rescue on loan provisions
The Prime Minister’s Office (PMO) may step in to convince the RBI on diluting its new circular on provisioning for loan defaults after the finance ministry’s pitch failed to impress the banking regulator, resulting in a massive spike in provisioning by lenders, and record losses for state-run players.
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from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JdYmtW
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