Covid: Many companies may fail to get RBI loan recast offer
The RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies as bankers expect advances worth only Rs 2-3 lakh crore will qualify for recast. A five-member committee has submitted its recommendation to the central bank and lenders will approach their boards once the report is released.
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The RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies as bankers expect advances worth only Rs 2-3 lakh crore will qualify for recast. A five-member committee has submitted its recommendation to the central bank and lenders will approach their boards once the report is released.
