Comments
With no let up in requests for restructuring of debt from India Inc, the Reserve Bank of India’s first bi-monthly policy may announce reduction in the provisioning requirement for banks restructuring loans. The RBI has done away with regulatory forbearance of restructured accounts with effect from April 1, 2015.
Now, when an account is restructured banks are required to provide 15 per cent (5 per cent earlier) of the loan outstanding. This will exert pressure on banks’ profitability.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.