In your interest.
Online Personal Finance Magazine
No beating about the bush.
The Reserve Bank of India (RBI) has given banks another six months to increase provisioning for their non-performing assets (NPAs). The earlier deadline to increase NPA provisioning to 70% was September 2010, but the RBI has now extended the deadline to March 2011. So, it seems like the central bank is changing its own guidelines/instructions repeatedly.
Standard & Poor’s estimates that...