Srei Infrastructure Finance vice chairman Sunil Kanoria said the RBI restructuring package is somewhat “restrictive and not a workable solution”
Topics
Financial Advisor|RBI|NBFCs
The loan restructuring package
announced by the Reserve Bank of India evoked mixed reactions from experts in the financial sector, as some found it helpful for the tourism industry, while others described the guidelines of the scheme as “restrictive” to the NBFCs.
Tourism Finance Corporation of India MD and CEO Anirban Chakraborty said hotels and the hospitality sector are under the MSME segment in the loan restructuring framework of RBI.
The emergency credit line extended to the borrowers is a good measure to help the sector sustain for the next two…
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