Debt recast: FIDC suggests dropping additional provisioning requirement for NBFCs

In August, the Reserve Bank of India (RBI) allowed one-time restructuring of corporate and personal loans due to the COVID-19 pandemic. Under the scheme, lending institutions have to make an additional provisioning of 10 per cent for accounts where restructuring plans are implemente

source https://economictimes.indiatimes.com/industry/banking/finance/debt-recast-fidc-suggests-dropping-additional-provisioning-requirement-for-nbfcs/articleshow/77976821.cms