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No Restructuring, Please! Let’s Focus On Provisioning
Use this crisis to undertake reforms on how regulations deal with bad loans, write Harsh Vardhan and Shishir Mankad.
29 May 2020, 03:14 PM IST
Along with an off-schedule monetary policy action of cutting the repo rate, the Reserve Bank of India also made some important announcements relating to banking regulations on May 23. It extended the moratorium granted on loan and interest payments for another three months. However, it disappointed the banking sector by not announcing any specific restructuring scheme, which the sector widely expected. Disappointed, the stock market ...
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