In their feedback submitted through the Indian Banks' Association (IBA), banks have sought an extension beyond the proposed two-year timeframe.
According to sources, some banks have sought a relaxation of up to five years to fully comply with the regulations.
Bankers have expressed concerns that the two-year timeline for complying with the new guidelines is insufficient," a senior bank official said. "Each bank has submitted individual assessments to the IBA, outlining the challenges it faces in meeting this deadline," he added.
Diese Geschichte stammt aus der December 23, 2024-Ausgabe von Financial Express Chennai.
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Diese Geschichte stammt aus der December 23, 2024-Ausgabe von Financial Express Chennai.
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