More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers
Sun, Sep 6, 2020 11:19 PM

More than Rs 10 lakh cr loans may avail restructuring benefit: Bankers

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Banks may restructure loans of more than Rs 10 lakh crore largely attributed to 5-6 critical sectors, including aviation, commercial real estate and hospitality, that have been severely hit by the COVID-19 outbreak, according to bankers. Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for COVID-19 related stress by September 15.

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