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RBI may let banks offer companies more waivers in debt rejig

RBI may let banks offer companies more waivers in debt rejig

Monday, March 20, 2017, 1:35 PM

India Inc could see banks further softening their debt restructuring proposals while making the promoters agree to stripping of non-core assets and pledging more shares, the head of India's largest bank said. RBI may allow the proposal of banks to give their large corporate defaulters bigger haircuts and a longer term to repay their debt so that some of them.
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