Banks may recast loans worth Rs 8.4 lakh crore: India Ratings
India Ratings expects the provisioning requirement to fall by around 10% on the restructured pool in FY21 from earlier expectations on loans that could have turned bad. Banks may restructure loans worth Rs 8.4 lakh crore, or around 7.7% of the total bank credit at end-March 2020 from the corporate and non-corporate segments under the … Read more