Finance Ministry issues uniform staff accountability framework for NPA accounts up to Rs 50 crore

Department of Financial Services (DFS), under the finance ministry, has issued guidelines to be adopted by all public sector banks (PSBs) on Staff Accountability Framework for NPA Accounts up to Rs. 50 crore’.
These guidelines will be applicable on loans that are turning into non-performing assets (NPAs) on or after April 1, 2022. Thses shall not be applicable on fraud cases.
Banks with the approval of their Board may decide on a threshold of Rs 10 lacs or Rs 20 lacs depending on their business size for examining the aspect of staff accountability.

Points to remember:

Finance Ministry has issued guidelines to be adopted by all public sector banks (PSBs) on Staff Accountability Framework for NPA Accounts up to _________?- Rs 50 crore
The guidelines issued by MoF on public sector banks (PSBs) on Staff Accountability Framework for NPA Accounts up to Rs. 50 crore’ will be applicable to loans turning NPA on or after ____ date?- April 01, 2021