Banks may restructure Rs 8.4 tn loans as economy sputters: India Ratings
By Administrator_India Capital Sands Indian banks may restructure loans worth Rs 8.4 trillion–about 7.7 per cent of total credit in March 2020–to manage financial stress caused by the corona-virus pandemic. The loans cover corporate and non-corporate accounts that banks may recast under the Reserve Bank of India’s recent norms, according to India Ratings. Almost 60 per cent of Rs […]