January 21, 2021

Bankers pleased with one-time mortgage restructuring, say rather a lot will depend on Kamath committee



RBI has nonetheless allowed lenders to sanction further credit score services to debtors.

Synopsis

Bankers stated the one distinction between the June 7 round and this one is {that a} company mortgage may be restructured with out altering its administration and classifying it as NPA.

Bankers say the Reserve Financial institution of India (RBI) notification permitting one time restructuring of loans submit Covid 19 makes it simpler to search out options to a pressured asset with out altering the administration however rather a lot will depend upon the parameters set by the KV Kamath committee.Bankers stated the one distinction between the June 7 round and this one is {that a} company mortgage may be restructured with out altering its administration and classifying it as NPA.

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