November 21, 2024
Financial Assets

Banks to identify MSME stress before turning their accounts to NPA

A worker operates a machine inside a small scale manufacturing unit in Mumbai. File | Photo Credit: Reuters The Supreme Court has held that banks or creditors are required to identify the incipient stress in the account of the Micro, Small and Medium Enterprises (MSMEs), before their accounts turn into non-performing assets. A Bench headed

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