RBI credit policy: Higher provisioning unpleasant surprise, say bankers

  • 22:45
  • Published On: October 30, 2012
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In its credit policy review, the Reserve Bank of India has asked banks to provide additional provisioning of 0.75 per cent against non-performing assets. At the bankers' press conference post the policy, KR Kamath, CMD of Punjab National Bank, has said that the additional provisioning is an unpleasant surprise.

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