India Changes Bank Loan-Loss Rules to Align With Global Norms

India’s central bank has introduced tighter rules requiring banks to set aside more funds for future losses on credit and loan portfolios, in a move to align the sector’s norms...

By Siddhi Nayak, Saikat Das · Bloomberg Markets

India’s central bank has introduced tighter rules requiring banks to set aside more funds for future losses on credit and loan portfolios, in a move to align the sector’s norms with global standards.