Borrowers will need to get a resolution plan sanctioned before December 31, and the lender will need to implement it within 90 days. The recast loan will continue to be considered as standard till the borrower sticks to the resolution plan.
from Hindustan Times - business https://ift.tt/2HwKdc0
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Wednesday, 28 October 2020
Retail loan restructuring plan finds few takers
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