Committee submits recommendations for loan restructuring to Indian cenbank

  • Reuters
  • Stock Market News
Committee submits recommendations for loan restructuring to Indian cenbank
Credit: © Reuters.

MUMBAI, Sept 7 (Reuters) - A committee set up by India's central bank to make recommendations on restructuring loans for the Indian banking sector has submitted its report and it has been broadly accepted, the Reserve Bank of India said.

The committee has recommended financial ratios such as total outstanding liabilities, total debt and debt service coverage ratio for 26 sectors which could be factored in by lenders while finalizing resolution plans for borrowers.

These sectors include aviation, hospitality, real estate which are some of the most stressed sectors in the economy due to the impact of the COVID-19 pandemic.

The RBI said that it had broadly accepted the recommendations of the expert committee, in a notification on its website on Monday.

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