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RBI's tighter norms for working capital would increase NPAs: India Inc

RBI proposed that at least 40% of sanctioned working capital limit of a company should have a term loan component

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India Inc  |  Banks  |  Rbi

Dev Chatterjee & Abhijit Lele  |  Mumbai 

Dev Chatterjee & Abhijit Lele

Audio The finance heads of Indian companies said the Reserve Bank India’s (RBI’s) proposal to limit the working capital facilities is “micro-management” and impacts their businesses negatively, with many companies even defaulting on loans.

On Monday, the RBI proposed that at least 40 per cent of the sanctioned working capital limit of a company should have a term loan component. For borrowers with an aggregate fund-based working capital limit of Rs 1.5 billion and above from the banking system, a ...

First Published: Wed, June 13 2018. 07:00 IST
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