The RBI’s new rule, effective October 2026, is quietly reshaping how banks manage non-performing assets. For exam aspirants, this means fresh case studies in banking regulations, asset valuation, and financial restructuring; all high-yield topics for RBI Grade B, SEBI, and NABARD exams. The framework also introduces strict valuation rules: assets must be recorded at the lower of book value or distress sale value, determined by independent valuers. Legacy assets have until September 2027 to comply. This isn’t just policy; it’s a practical lesson in corporate governance and risk management. Watch this space: SNFAs are about to become a recurring theme in the finance exam syllabus.