Mumbai (Maharashtra) [India], June 12 (ANI): A hit to collection efficiency of non-banking finance companies and microfinance institutions (NBFCs-MFIs) owing to protracted Covid-19 curbs will increase asset-quality pressures in the sector, according to Crisil Ratings.
Mumbai (Maharashtra) [India], Aug 7 (ANI): The Reserve Bank of India (RBI) on Friday announced the members of Kamath committee who will frame rules for the one-time restructuring of loans for stressed borrowers proposed by the central bank a day earlier.
New Delhi [India], July 31 (ANI): The government is working with Reserve Bank of India (RBI) on the industry's need for restructuring of loans to absorb the adverse impact of COVID-19 pandemic, Finance Minister Nirmala Sitharaman said on Friday.
New Delhi [India], June 11 (ANI): Delhi High Court has issued notice to the Central government, Reserve Bank of India (RBI) and others on a plea seeking directions to allow a one-time restructuring of loans by all banks and non-banking financial companies (NBFCs) in the wake of coronaviru
Amaravati (Andhra Pradesh) [India], Aug 6 (ANI): The government will launch a scheme for restructuring of loans of Micro Small and Medium Enterprises Development (MSMEs) under the Dr YSR Navodayam scheme to support the stressed MSME sector.
New Delhi [India], Jan 25 (ANI): A FICCI-IBA Survey has noted that banks are reporting an increase in non-performing assets (NPAs), lower restructuring of loans and a slow pace of growth in bank credit.