India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

The Reserve Bank of India (RBI) has allowed lenders to restructure their book which was not more than 30 days past due as on February 29, 2020. The credit cost that has to be provided on the restructured book is higher of 10 per cent or extant provisioning held on those assets.

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