RBI’s Notification on Asset Classification

Loans which were standard as on 29 Feb 2020 and granted moratorium or deferment period ( 1 Mar 2020 till 31 May 2020, mentioned as “period”) as the case may be, such period shall be excluded from the number of days past-due for the purpose of asset classification or for the determination of out of order.

RBI’s notification is attached below.

[gview file=”https://www.ideationadvisory.in/files/COVID19-Regulatory-Package-Asset-Classification-and-Provisioning.pdf”]

Source: RBI