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Majority Of India’s Small Business Shun Restructuring Despite Covid Pain
Just like in the case of large corporates, loan restructuring from small businesses has been less than expected.
03 Dec 2020, 03:24 PM IST
Fewer than expected small businesses are making use of the restructuring permitted by the Reserve Bank of India, according to bankers. This comes at a time when firms steer clear of debt recasts, which may affect their credit ratings and make future borrowing more expensive.Small businesses were first permitted to restructure their advances in January 2019. On Aug. 6, the RBI extended the restructuring window for all borrowers, inclu...
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