FM Sitharaman tells banks that Covid-related distress must not impact the lenders’ assessment of their credit-worthiness. Banks have also been asked to be proactive and reach out to stressed borrowers who are eligible for restructuring.source https://economictimes.indiatimes.com/industry/banking/finance/banking/govt-asks-banks-to-obtain-board-approval-for-corporate-loans-restructuring-by-september-15/articleshow/77923111.cms
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