Tag Archives: stressed bank loans

Sitharaman asks banks to implement resolution schemes by September 15

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday called for a “swift implementation” of bank resolution plans aimed at reviving companies affected by the COVID-19 pandemic, and called on lenders to renew plans before September 15. Sitharaman also called on lenders to support borrowers, as the moratorium on loan repayments …

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