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RBI Begins Work On Restructuring Plan For Covid-Hit Firms: BQ Exclusive
The one-time restructuring scheme would likely cover companies which have defaulted between March 1, 2020, and March 31, 2021.
26 Jun 2020, 03:32 PM IST
The Reserve Bank of India has started the ground work for a one-time restructuring scheme to help companies which are affected by the Covid-19 pandemic. The regulator is discussing contours of the plan internally and informally with senior bankers before a final decision is taken, said two people with direct knowledge of the matter, who spoke on condition of anonymity.The one-time restructuring scheme would likely cover companies whi...
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