The industry association has also requested the Reserve Bank of India on the need for asset class-based regulation
Last month, the bank's administrator AK Dixit had said that three investors were given time till February 1, 2021 for submissions of their final offer.
Aditi Nayar, Principal Economist, ICRA, in an interview with Money9, said she feels the rate cycle has ended.
The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.
With RBI maintaining status quo on rates, hopes of an immediate cut in equated monthly instalments (EMI) is less.
The RBI is targeting to roll out the e-Integrated Ombudsman Scheme in June 2021.
The RBI will come out with a consultative document harmonising regulatory frameworks applicable to various regulated lenders in the microfinance space, RBI Governor Shaktikanta Das said.
RBI keeps key rates unchanged repo rate at 4% & reverse repo rate 3.35%.
RBI is expected to reassure on liquidity in the system, with a gradual normalisation over the next few quarters. Lending rates not likely to be changed.
Gvoernment's streategy of recognition, resolution, recapitalisation and reforms have resulted in decline of NPAs by Rs 2,27,388 crore.