FM to meet heads of banks, NBFCs

Finance Minister Nirmala Sitharaman will maintain a overview assembly with heads of banks and NBFCs on Thursday for the graceful and speedy implementation of the one-time debt recast for decision of COVID-19-related stress in financial institution loans. The Reserve Financial institution of India (RBI) final month permitted a one-time restructuring of each company and retail loans with out getting categorized as a non-performing asset (NPA). Banks are within the technique of getting a board-approved restructuring framework in step with the framework and eligibility outlined by the RBI.

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