MUMBAI : Loans that were in arrears for more than 30 days on March 1, but in which the overdue amount was later repaid will not be eligible for debt consolidation under the new debt consolidation window, the Bank has clarified of the Indian Reserve. The central bank published a …
Read More »Kamath committee chooses 26 sectors for loan restructuring, says RBI
A week after Finance Minister Nirmala Sitharaman asked banks and non-bank financial companies (NBFC) to implement a loan restructuring plan for companies facing stress related to Covid-19, the Bank of The Reserve of India (RBI) announced on Monday the financial parameters for resolution plans under the scheme. The committee has …
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