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As Deadline Ends, Few Takers For RBI’s One-Time Restructuring Scheme: BQ Exclusive
The central bank’s one-time restructuring scheme sees few takers.
02 Jan 2021, 04:34 PM IST
With the deadline for invoking the one-time restructuring announced by the Reserve Bank of India ending on Dec. 31, the banking system is estimating Covid-led restructuring requests to amount to less than Rs 2 lakh crore. According to five people in the know, the overall restructuring requests have been considerably fewer versus early estimates of at least 4-5 times that amount.The banking system has received requests from about 65,0...
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