One-time loan recast to ease liquidity pressure, says CRISIL report

RBI permitted banks to go for one-time restructuring of loans that are facing stress due to the Covid-19 crisis

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debt restructuring scheme | Crisil report | Reserve Bank of India RBI

loans, restructuring, recast, debt, moratorium, credit, lending, banks

One-time restructuring of corporate loans is likely to ease liquidity pressure

One-time restructuring of corporate loans, which are facing stress due to coronavirus-induced disruptions, announced by the RBI is likely to ease liquidity pressure for companies, according to a report.

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On Thursday, the RBI permitted banks to go for one-time restructuring of loans that are facing stress due to the Covid-19 crisis with a view to mitigating risks to financial stability.

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First Published: Sat, August 08 2020. 01:35 IST