Under the scheme, borrowers’ accounts will not be downgraded as sub-standard or ‘non-performing’ if their loans are restructured
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Reserve Bank of India|debt restructuring scheme|India Inc
The Reserve Bank of Indias (RBIs) loan restructuring scheme for Covid-19-affected borrowers has seen few takers in the corporate world so far, according to bank executives who have seen very little interest in it from their corporate accounts. Under the scheme, borrowers accounts will not be downgraded as sub-standard or non-performing if their loans are restructured.
Rather, they will retain their standard status. But the fear of a negative impact on their credit rating is holding co…
Read the full article at: https://www.business-standard.com/article/finance/rbi-s-debt-restructuring-scheme-sees-few-takers-in-corporate-world-banks-120102600027_1.html