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Religare Finvest Submits Two Resolution Plans To RBI
Religare Finvest lenders await RBI approval for restructuring Rs 4,500 crore in debt.
17 Feb 2021, 07:42 PM IST
Small business lender Religare Finvest Ltd. has submitted two potential resolution plans to the Reserve Bank of India for final approval before implementing one of them. The company is looking to restructure Rs 4,500 crore in debt owed to lenders led by State Bank of India, according to three people with direct knowledge, who spoke on conditions of anonymity.The first resolution plan involves selling the lending businesses under Reli...
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