Loan restructuring News

EMI Moratorium till August 31. Interest waiver to be credited on November 5. What lies ahead for loan borrowers?

The Reserve Bank is looking into request for extending the NPA classification period from the current 90-day window to help small and medium enterprises.

Putting the ball in government's court, RBI Governor Raghuram Rajan on Tuesday said future rate cuts would depend on the fiscal consolidation path in the upcoming Budget even as he rejected bankers' call to extend the loan restructuring window beyond April 1.

Virtually rejecting the demand for extending the loan restructuring window beyond April 1, RBI Governor Raghuram Rajan on Tuesday said the practice of forbearance should end to increase investor confidence in banks' balance sheets.

Government is exploring ways to allow banks more flexibility in loan restructuring to get stalled projects on track, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Tuesday.