Friday, January 18, 2019

Banks plan Rs 8,200 crore Jet debt restructuring, may take big hit

State Bank of India (SBI) on Thursday said that lenders are considering a restructuring plan — an acknowledgement that the loan is not viable in the present form. RBI norms require lenders to make at least 15% provisions on their exposure once a loan is restructured.

from Times of India http://bit.ly/2T0CeEl

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