One-time Loan Recast To Ease Liquidity Pressure, Says CRISIL Report
RBI permitted banks to go for one-time restructuring of loans that are facing stress due to the Covid-19 crisis
Topics
debt restructuring scheme | Crisil report | Reserve Bank of India RBI
One-time restructuring of corporate loans is likely to ease liquidity pressure
One-time restructuring of corporate loans, which are facing stress due to coronavirus-induced disruptions, announced by the RBI is likely to ease liquidity pressure for companies, according to a report.
.On Thursday, the RBI permitted banks to go for one-time restructuring of loans that are facing stress due to the Covid-19 crisis with a view to mitigating risks to financial stability.
..
First Published: Sat, August 08 2020. 01:35 IST
PREVIOUS STORY
NEXT STORY
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more