State Bank of India has detailed the process and rules it intends to follow when the country’s largest lender begins an exercise to restructure personal loans, as permitted by the Reserve Bank of India. The bank on Monday launched a website where borrowers can check their eligibility and upload relevant …
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SBI retail customers will be prompted to enter their account number when logging into the portal. After completing the OTP validation and entering some necessary data, the customer will know their eligibility and will receive a reference number. This reference number will be valid for 30 days and within which …
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The long-awaited recommendations from the Restructuring Expert Committee of the Reserve Bank of India (RBI) have largely received the nod from analysts, albeit with some reservations. The committee, led by KV Kamath, presented its recommendations Monday night that span 26 sectors and has set thresholds for five indices that banks …
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MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …
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Finance Minister Nirmala Sitharaman on Thursday told banks to set up loan restructuring schemes by September 15 to rescue all viable business units affected by the Covid-19 pandemic. She was holding a review meeting with the heads of scheduled commercial banks and non-bank finance companies (NBFCs) via video conference. Top …
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