#India: #RBI tweaks rules to deter stressed #exporters repay rupee loans

From April 1, all the restructured loans necessarily need to be classified as NPAs and the relative provisioning at banks would be 15% of the loan outstanding.

KOLKATA: Reserve Bank of India has tweaked rules to deter exporters from using long term export advances merely to refinance rupee loans, instead of executing long term supply contracts for export of goods... (Read more)

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