Gold Silver Reports (GSR) – Banks have approached the Reserve Bank of India seeking an exemption from classifying accounts which were under the erstwhile strategic debt restructuring scheme as non-performing assets, two bankers with knowledge of the matter said.
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In a written communication last week, the Indian Banks’ Association requested the RBI to revise its new stressed asset guidelines so that the accounts that were under the 18-month standstill clause of the SDR scheme may continue to be classified as standard, the bankers told BloombergQuint requesting anonymity. Neal Bhai Reports (NBR) INDIA