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.
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Esta historia es de la edición December 23, 2024 de Financial Express Bengaluru.
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