RBI gives banks more flexibility to cover bad loans
The central bank has relaxed provisioning rules against bad loans by allowing banks to set aside up to 50 per cent of floating provisions from 33 per cent.
Suvashree Dey Choudhury
Mumbai Last Updated: March 30, 2015 | 17:56 IST
The relaxation will be applicable for floating provisions held by them as of the end of December 2014. (Photo: Reuters)