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Anand Rathi Report
Considering the slowdown in the economy and stress across industries from the Covid-19 pandemic, the Reserve Bank of India-appointed Kamath committee recommended 26 sectors would require restructuring.
We believe this would offer short-term relief to banks which were facing sharp deterioration in asset quality once the moratorium was lifted.
Though this is a step in the right direction to address a major banking sector problem, however, given the track-record of banks in corporate restructuring, we believe, this would only postpone the stress.
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