11-Sep-2020

RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies


RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies as bankers expect advance worth only Rs 2-3 lakh crore will qualify for recast. A five-member committee constituted by the RBI to look into the parameters within which restructuring can be allowed, has submitted its recommendation to the central bank and lenders will approach their boards once the report is released.

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