Stressed Asset Restructure Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KCCI seeks extension of NPA classification period
May 05, 2021
×
Stressed Asset Restructure Scheme should be extended and norms eased to expand coverage, says industry body
The Kanara Chamber of Commerce and Industry (KCCI) has sought several measures, including lenient NPA norms, to save MSMEs (micro, small and medium enterprises) affected by Covid pandemic.
Reacting to the measures announced by RBI on Wednesday to alleviate finance constraints of various stakeholders, Isaac Vas, President of KCCI, told
BusinessLine that MSMEs are in critical condition because of the decline in business for the past one year due to Covid pandemic.
He said NPA classification period should be doubled to 180 days. This will help MSMEs to manage their finances better without pressure, he said. ....

Jammu And Kashmir , Kanara Chamber , Isaac Vas , Stressed Asset Restructure Scheme , Kanara Chamber Of Commerce And Industry , Covid 19 , ஜம்மு மற்றும் காஷ்மீர் , கனரா அறை , ஐஸ்யாக் வாஸ் , கனரா அறை ஆஃப் வர்த்தகம் மற்றும் தொழில் , சர்வதேச பரவல் ,