Banks begin process of restructuring of loans

To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the Covid-19 relief measures announced by the Reserve Bank earlier this month. Continue Reading

India’s banks’ recovery faces asset-quality risks

The impact of the Covid-19 pandemic is likely to pose challenges to the Indian banks’ improving financial performance once asset-quality risks manifest in the financial year ending March 2022 (FY22), says Fitch Ratings. Continue Reading