Banks seek RBI nod to recast Rs 3 lakh crore loans minus downgrade

At the end of April, banks had an exposure of Rs 2.3 lakh crore to commercial realty, Rs 45,862 crore to hospitality businesses, and over Rs 30,000 crore to aviation firms. Banks have told the Reserve Bank of India (RBI) that without the restructuring relief, nonperforming assets (NPA) on their balance sheets will surge.

from Banking/Finance-Industry-Economic Times https://ift.tt/2MlhTYR