The one-time facility allows defaulting borrowers to clear bad loans in a single payment without interest

The one-time facility allows defaulting borrowers to clear bad loans in a single payment without interest

Interest-free facility will be in force till Dec 31

A four-pillar plan aims to bring down NPLs, which stood at over 32 percent in March

Borrowers must repay their outstanding defaulted loan principal in full by Dec 31 to qualify for the one-off relief