Monday, May 25, 2020

Banks may need capital for provisions

Bankers say that the RBI may have to tweak rules that demand provisioning if the existing promoters are retained after a loan restructuring. They say the existing promoters have the best chance of keeping the business going instead of going for a new one who would find it difficult to run a medium-sized firm.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-may-need-capital-for-provisions/articleshow/75984141.cms

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