#nbfc npas

NBFC NPAs could increase by a third due to tightening of norms: India Ratings

The Reserve Bank of India’s clarification accounting of non-performing advances is likely to increase non-banking finance companies’ (NBFCs) non-performing assets (NPAs) by around a third, according to India Ratings (Ind-Ra). NBFCs would also have to invest in systems and processes to comply with daily stamping requirements. Ind-Ra noted that NBFCs have asked the RBI to privide a transition…