The Reserve Bank of India (RBI) said it will allow banks to restructure loans to small and medium sized-companies that are in default but standard as of the beginning of the year. The dispensation is “one time”, the RBI said in a circular on Tuesday.
from Reuters: Money News https://reut.rs/2BS1i9q
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Reuters: Money News
RBI to allow banks to restructure some defaulting small business loans
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