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Massive debtors protected guess for lenders

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MUMBAI: Big borrowers are turning out to be safer for lenders. In response to banks, there are solely a small variety of massive firms the place they might must make a sacrifice after referring to the Ok V Kamath committee for restructuring.
Final month, RBI constituted a committee headed by veteran banker Kamath to take a look at all loan accounts of over Rs 1,500 crore, which should be restructured as a result of stress brought on by Covid disaster.
Bankers mentioned because of IBC, most of the massive corporates have considerably de-leveraged and diminished debt burden.
Final week, SBI chairman Rajnish Kumar indicated that he didn’t count on many corporates to provide you with a request for a one-time restructuring.
Within the worst impacted sectors – hospitality firms with excessive debt have robust parentage. In aviation, lenders have been cautious after default by Jet Air.

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