COVID-19 may set back Indian banks’ recovery by years: S&P

NEW DELHI : The COVID-19 pandemic might set again the restoration of India’s banking sector by years, which might hit credit score flows and, in the end, the economic system, S&P International Scores stated on Tuesday. The US-based score company expects non-performing loans in Indian banks will hit a recent excessive, elevating credit score prices, …

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NPA worries may force RBI’s hand on a loan recast

RBI and the federal government  are  contemplating  a  one-time restructuring of loans, which incorporates an extension of the date of recognition of non-performing belongings past 90 days to assist corporates hit by covid-19. Mint takes a have a look at the potential impression of this transfer. What’s restructuring of financial institution loans? Restructuring is a …

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Gadkari launches scheme to provide ₹20,000 cr guarantee cover to MSMEs

NEW DELHI : Union Minister Nitin Gadkari on Wednesday launched the Credit score Assure Scheme for Sub-ordinate Debt to supply ₹20,000 crore of assure cowl to 2 lakh micro, small and medium enterprises. The funding scheme to assist the distressed MSME sector entails a sub-debt facility to the promoters of these operational MSMEs which might …

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