scorecardresearchNBFCs seek RBI's nod to exempt daily stamping of small borrowers' NPAs

NBFCs seek RBI's nod to exempt daily stamping of small borrowers' NPAs

Updated: 16 May 2022, 12:40 PM IST
TL;DR.
These borrowers sometimes miss the due date for EMI payment, but manage to make it by the end of the month due to the erratic cash inflows
The Finance Industry Development Council too had requested the RBI to exempt small retail loans up to  <span class='webrupee'>₹</span>2 crore from the guidelines until situation returns to normal.

The Finance Industry Development Council too had requested the RBI to exempt small retail loans up to 2 crore from the guidelines until situation returns to normal.