RBI unveils debt restructuring plan

KV Kamath
KV Kamath
Palácio do Planalto

The Reserve Bank of India has issued details of its loan restructuring plan, which is designed to throw a lifeline to viable businesses struggling with the effects of Covid-19.

The central bank says it “broadly accepted” the proposals of an expert committee formed to judge what constituted a viable business.

The committee, led by former New Development Bank chair KV Kamath, recommends a set of parameters specifying the leverage, liquidity and debt-servicing characteristics of firms eligible

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