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Bankers Guide Towards Lower-Than-Feared Post-Covid Restructuring
Early demand for one-time restructuring under the RBI’s scheme has been low, say bankers.
11 Nov 2020, 03:35 PM IST
A one-time restructuring permitted by the Reserve Bank of India saw limited demand in the first month after the provision was announced, according to disclosures made by some banks as part of their quarterly earnings.The RBI had permitted lenders to restructure accounts without downgrading them to non-performing starting September. The deadline for invoking such restructuring is end-December. The regulator has also mandated disclosur...
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