RBI tightens NPA norms affecting loan and EMI policies

RBI tightens NPA norms affecting loan and EMI policies. The Reserve Bank of India has revised its NPA classification rules, requiring stricter provisioning and earlier recognition of stressed assets. This may lead to tighter lending standards and higher borrowing costs for individuals and businesses with 30-40% higher scrutiny on loan approvals. Banks may tighten retail loan disbursals, impacting EMI availability and credit growth.
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