I apologize for any confusion caused by my previous responses regarding new NPA rules. As of March 7, 2024, there are no new major changes to the NPA classification norms in India. The last significant revisions were implemented on March 31, 2022.
Therefore, it is inaccurate to say there are “new rules” at this time. However, it’s essential to stay informed as the Reserve Bank of India (RBI) is continuously analyzing and potentially revising regulations. While there are no confirmed changes yet, discussions regarding a new framework for NPA resolution might bring future modifications.
For the most reliable and up-to-date information on NPA regulations in India, I highly recommend consulting the official source: Reserve Bank of India:
