Banks may put in place board-approved policies to deal with stressed loans to individuals. (File)
As the regulator and the banks now await for the KV Kamath-led panel to come out with the modalities of restructuring of loans for both corporates and individuals, sources in the government and industry say that the Reserve Bank of India (RBI) may not extend the moratorium period for loans, that comes to an end on August 31.
Banks may put in place board-approved policies to deal with stressed loans to individuals. Besides, while there have been suggestions that the current proposal of allowing restructuring for loans that are overdue for up to…
Read the full article at: https://indianexpress.com/article/business/banking-and-finance/as-loan-restructuring-plan-takes-shape-moratorium-unlikely-to-stay-beyond-august-31-6558886/