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Tuesday, May 26, 2020

Banks may need capital for provisions

Bankers say that the RBI may have to tweak rules that demand provisioning if the existing promoters are retained after a loan restructuring. They say the existing promoters have the best chance of keeping the business going instead of going for a new one who would find it difficult to run a medium-sized firm.

from Banking/Finance-Industry-Economic Times https://ift.tt/2X2H8VL

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