Govt asks banks to obtain board approval for corporate loans restructuring by September 15 - THEMARKETTRENDZ

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Thursday, 3 September 2020

Govt asks banks to obtain board approval for corporate loans restructuring by September 15

FM Sitharaman tells banks that Covid-related distress must not impact the lenders’ assessment of their credit-worthiness. Banks have also been asked to be proactive and reach out to stressed borrowers who are eligible for restructuring.

from Banking/Finance-Industry-Economic Times
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