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<ul><li>The Reserve Bank of India’s (RBI) Monetary Policy Meeting (MPC) is currently underway and it has some tough decisions to make.</li><li>It needs to decide between meeting its inflation-targeting mandate and making sure there’s still liquidity in the market. </li><li>The RBI also needs to figure out where another moratorium or a one-time restructuring of loans across all sectors will be better for businesses.</li></ul>The Reserve Bank of India (RBI) is set to announce its policy rate decision tomorrow, and this time around, the situation is more uncertain than usual. From meeting its inflation mandate to keeping money circulating in the economy to dealing with loans — RBI’s policy decision could set the tone for how the apex bank expects the next few months to go. The moratorium conundrum Many banks and industry experts are of the opinion that another moratorium on loan repayments is not required going forward. The RBI first announced a three-month moratorium from March to May then extended the limit to August 31 leading to a lot of uncertainty when it comes to a bank’s balance sheets. Private and public sector banks alike have been shoring up provisions to deal specifically with COVID related accounts, over and above the RBI’s mandate. <div type="image" title="Provisions in Q1" msid="77365771" hostid="261" caption="&amp;lt;p&amp;gt;Provisions across major Indian banks in Q1&amp;lt;/p&amp;gt;"></div> SBI chairman Rajnish Kumar told the <a href="https://economictimes.indiatimes.com/news/economy/policy/government-and-corporates-need-to-invest-more-for-recovery-sbi-chairman-rajnish-kumar/articleshow/77358404.cms">Economic Times</a> that the moratorium has achieved its limited purpose and can now be done away with. “What the RBI can do is if the bank is satisfied with the intent of the borrower and normalisation in cash flows, it can give some relief,” he said. The call for one-time restructuring Rather than delay payments further, Indian industry leaders are suggesting that a one-time restructuring of all loans should be put on the table. Certain segments were already struggling before the coronavirus pandemic hit and others are wondering how to crack the ‘new normal’. <div type="Article" hostid="261" msid="77328145" title="One-time loan restructuring dilemma - RBI won’t commit, and India Inc won’t stop asking for it" mstype="2" mssubtype="0"></div> The RBI’s issue with restructuring loans has always been that it amounts to ‘deceptive banks’ — in the words of the former RBI governor Raghuram Rajan. Businesses, on the other hand, don’t want to be declared NPA in order to be restructured since that blocks incremental funding. For any of this to happen, banks need to be incentivized to pump more money into loans on the verge of collapse. RBI’s inflation-targeting mandate Former RBI Deputy Governor Viral Acharya <a href="https://www.moneycontrol.com/news/trends/current-affairs-trends/focus-on-inflation-over-growth-at-next-policy-review-meet-viral-acharya-to-rbi-5631091.html">believes</a> that the apex bank should ‘respect’ its core mandate and get inflation in India under control. But, it’s not a simple choice because of the relationship inflation shares with the repo rate. The RBI has slashed the repo rate twice in the last 4 months — once during the March MPC by 75 basis points (bps) and again in an off-cycle meeting in May by another 40 bps. 100 bps make up one percent and the repo rate is one of the instruments that the RBI has on hand to control inflation and spur growth. The rate currently stands at 4%. The repo rate and inflation share an inverse relationship. While dipping the repo rate further could make inflation worse, increasing it would make it more expensive for banks to borrow. The RBI is required to keep inflation in India between 2% to 6% as per its inflation targeting mechanism — or core mandate as Acharya put it. In the last six months, the RBI has missed its range exceeding 6% inflation each quarter. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Month </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rate of Inflation </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quarterly average </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Jan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.59% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Feb </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.58% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.84% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.67% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.22% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">May </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.27% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.09% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.51% </td></tr></tbody></table> If the RBI fails to keep inflation within tolerance levels this quarter as well, it will technically constitute a failure of the monetary policy. Following which, RBI will be required to send a report to the central government explaining why the situation occurred and the remedial measures to fix it. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/axis-bank-finalises-10000-crore-share-sale-to-raise-funds-at-a-floor-price-of-442-19/articleshow/77354177.cms">Axis Bank finalises ₹10,000 crore share sale to raise funds at a floor price of ₹442.19</a> <a href="https://www.businessinsider.in/finance/banks/news/one-time-loan-restructuring-dilemma-rbi-wont-commit-and-india-inc-wont-stop-asking-for-it/articleshow/77328145.cms">One-time loan restructuring dilemma - RBI won’t commit, and India Inc won’t stop asking for it</a> <a href="https://www.businessinsider.in/finance/news/depressions-and-recessions-differ-in-their-severity-duration-and-overall-impact-heres-what-you-need-to-know-/articleshow/77289455.cms">Depressions and recessions differ in their severity, duration, and overall impact. Here's what you need to know.</a>

Three things the RBI will have to mull over as it gets ready to announce its monetary policy decision

<ul><li>The Reserve Bank of India (RBI) is looking at the one-time restructuring of all loans, which includes personal loans as well. </li><li>Provided you didn’t default on your loans as of 1 March 2020, you can apply to change the payment plan on your loan. </li><li>RBI has set a deadline of 1 December 2020 for all restructuring requests to be put into play and implemented within 90 days of being invoked. </li></ul>Car loans, home loans, or any kind of personal loan that you couldn’t make the payments on are now eligible for restructuring. The Reserve Bank of India (RBI) announced that it will open up a window for a one-time <keyword id="444301" type="PERSON" weightage="20" keywordseo="restructuring-of-loans">restructuring of loans</keyword> — all loans — that were impacted by COVID 19. <div type="image" title="Overall exoposure" msid="77392046" hostid="261" caption="&amp;lt;p&amp;gt;Loans under moratorium with banks across India as a percentage of total outstanding loans &amp;lt;/p&amp;gt;"></div> This means that you’re struggling to pay off your personal loans, you can ask the bank to modify the terms of repayment, get additional credit to rebuild or even extend the moratorium period. The minimum credit requirement is that you should not have defaulted on your loan payments as of 1 March 2020 or within 30 days of that day. The outstanding amount of debt at that point of time will be considered for restructuring. You have till 31 December to push for a new payment plan As per the RBI’s circular, resolution under the new mechanism has to be invoked by 31 December 2020. Once invoked, it must be implemented within 90 days. However, RBI suggests that banks and other lending institutions should try and kick off their plans earlier than the due dates. The resolution could include the following features: <ul><li>Rescheduling of payments </li><li>Conversion of interest accrued into another credit facility </li><li>Granting of moratorium </li><li>Modification of overall tenor of the loan </li></ul>The terms and conditions of how this will be determined depending on your projected income streams over the next two years. Provided the restructuring plan is put in place within the stipulated timeline, then your loan will not be classified as a non-performing asset (NPA). However, if that is not the case then rating of the loan will be done as per the borrower’s actual performance. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/rbi-brings-in-kv-kamath-to-set-the-boundaries-for-a-one-time-restructuring-of-these-loans/articleshow/77388568.cms">RBI brings in KV Kamath to set the boundaries for a one-time restructuring of loans</a> <a href="https://www.businessinsider.in/finance/news/rbi-governor-shaktikanta-das-leaves-repo-rate-unchanged-to-check-inflation/articleshow/77387591.cms">‘Watchful’ RBI leaves repo rate unchanged to keep inflation in check</a> <a href="https://www.businessinsider.in/finance/news/rbi-has-opened-a-pipeline-of-funds-for-startups-home-buyers-and-green-power-producers-too/articleshow/77388903.cms">RBI has opened a pipeline of funds for startups, home buyers and green power producers too</a>

If you have a bank loan that you are unable to pay, restructuring is on its way

Kolkata, May 7 () Srei Infrastructure Financechairman Hemant Kanoria on Thursday welcomed SBI's decision toextend moratorium to NBFCs, but said the need is of one-timerestructuring of loans.State Bank of India (SBI), the country's largestlender, has decided to extend the RBI-approved moratorium tothe cash-strapped NBFC sector to help them tide over thecrisis.The RBI has allowed banks to extend moratorium toborrowers of term loans of all kinds for three months --March, April and May."Three months moratorium is not going to help as itwill end in May and economic activity is yet to pick up in thecountry," Kanoria told ."What we basically need is that there should be one-time restructuring of loans of all the borrowers, includingNBFCs, based on their future cash flow," he added.SBI would extend the moratorium to the Non-BankingFinancial Companies (NBFCs) on a case-to-case basisafter assessing their cash budgets and examining the need forextending it. dcSOM SOM

One-time restructuring of loans needed: Srei chief on SBI's moratorium offer

<ul><li>The Reserve Bank of India (RBI) is bringing in <keyword id="396965" type="ORGANIZATION" weightage="20" keywordseo="KV-Kamath">KV Kamath</keyword> to head up a new committee that will look into the one-time restructuring of loans. </li><li>The committee will look into the financial parameters that need to be factored into resolution plans. </li><li><keyword id="4124197" type="PERSON" weightage="20" keywordseo="loan-resolution">Loan resolution</keyword> beyond a certain amount will also be validated by the committee before implementation.</li></ul>The Reserve Bank of India (RBI) has taken heed to the call of industry leaders and is open to the idea of the one-time restructuring of loans — with its own terms and conditions, of course. It will set up a new mechanism for stressed assets that need rescuing and the existing scheme for restructuring MSMEs has been extended. <div type="Article" hostid="261" msid="77387591" title="‘Watchful’ RBI leaves repo rate unchanged to keep inflation in check" mstype="2" mssubtype="0"></div> Governor <keyword id="6359111" type="UNKNOWN" weightage="20" keywordseo="Shaktikanta-Das">Shaktikanta Das</keyword> said that the Reserve Bank of India will set up a committee under KV Kamath ⁠— the former chairman of BRICS Bank and ICICI Bank ⁠— to set the parameters and benchmarks for this programme aimed at the resolution of stressed loans. The existing scheme for restructuring MSMEs is being extended to cover loans that were classified as standard as of March 1. Das said that for any new borrowers coming into the fold that the restructuring has to be implemented before 31 March 2021. <div type="Article" hostid="261" msid="77328145" title="One-time loan restructuring dilemma - RBI won’t commit, and India Inc won’t stop asking for it" mstype="2" mssubtype="0"></div> “The underlying theme of this resolution window is the preservation of the soundness of the Indian banking sector,” said Das highlighting that safeguards will be put in place like prudent entry norms, clearly defined boundary conditions, specific binding covenants, independent validation and strict post-implementation performance monitoring. The one-time restructuring of loans or resolution window will be implemented under the Prudential Framework dated 7 June 2019. Prudent entry norms Banks and other lending institutions can only extend this facility to borrowers that are facing stress on account of COVID 19. But when it comes to types of loans, everyone is fair game — from big corporate loans to personal loans. Banks will also need to make sure that any resolution plan adheres to the eligibility criteria put forward by the RBI. For instance, MSME borrowers with aggregate exposure of ₹25,000 crore or less as of March 1 will not be eligible. Financial service providers, credit societies, and government loans will not be eligible either. The Expert Committee headed by Kamath will also bring in sector specific benchmark ranges for the financial parameters that need to be taken into account. Clearly defined boundary norms In addition to the financial parameters that will cover aspects of leverage, liquidity, and debt serviceability among other things, the Expert Committee will also be called on to vet resolution plans for loans where the amount is ₹1,500 crore or more. The Confederation of Indian Industry (CII) has suggested that business should only be given enough money to survive, not grow and the money should be given on priority — it will have precedence over all other obligations of the company. The CII had also recommended that loans not be classified as non-performing assets (NPAs) as a part of the restructuring. RBI seems to agree provided the resturcturing of loans is carried out within the stipulated timlines. This means that banks will still have to set aside 15% of the loan value to cover the default risk. Which means the levels of provisioning will continue to remain high and the demand for capital is unlikely to subside if bad loans grow. Constant monitoring Considering the uncertainty brought on by the coronavirus pandemic, borrowers are likely to be more conservative in their estimates for recovery. The difference could be as much as a borrower needing one year to recover in a pre-COVID world versus five years to recover post-COVID, according to EY analyst Abizer Diwanji. The RBI is only allowing banks to give up to two years for borrowers to pay back the pending amount of their loans. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/rbi-governor-shaktikanta-das-leaves-repo-rate-unchanged-to-check-inflation/articleshow/77387591.cms">‘Watchful’ RBI leaves repo rate unchanged to keep inflation in check</a> <a href="https://www.businessinsider.in/finance/news/rbi-has-opened-a-pipeline-of-funds-for-startups-home-buyers-and-green-power-producers-too/articleshow/77388903.cms">RBI has opened a pipeline of funds for startups, home buyers and green power producers too</a> <a href="https://www.businessinsider.in/stock-market/markets/news/manappuram-finance-and-muthoot-finance-share-price-chart-after-after-rbi-increased-the-loan-to-value-ratio-on-gold/articleshow/77388739.cms">Manappuram and Muthoot Finance shares jump nearly 5% after RBI increased the loan to value ratio on gold to 90%</a>

RBI brings in KV Kamath to set the boundaries for a one-time restructuring of loans

<ul><li>Consistent timely payment of dues is critical in maintaining and improving <keyword id="6380214" type="General" weightage="20" keywordseo="credit-score" source="Orion">credit score</keyword>. </li><li>Utilisation of credit cards should be kept low as compared to the credit limit. </li><li>Avoid multiple credit enquiries as it may signal financial stress to lenders. </li></ul>Having a healthy credit score of 750 and above comes in handy when you apply for a loan, especially a home loan. However, when Nirmalee Chaterjee (named changed) wanted to apply for a home loan in March, she found that her Credit Information Bureau India Limited or CIBIL score was about 650 since she had missed a few credit card payments. Over the next few months, Chatterjee made it a point to be more disciplined and make an effort to improve her credit score. How to improve your credit score There are several ways to improve your credit score. Pay your <keyword id="133020" type="General" weightage="20" keywordseo="credit-card-bills" source="Orion">credit card bills</keyword> and EMIs on time: Consistent timely payment of dues is critical in maintaining a good credit score and improving it. “Borrowers should repay all loan instalments and credit card bills on time as any overdue payment results in a severe deterioration in score,” says Saikrishnan Srinivasan, Managing Director, Experian Credit Information Company of India. Chatterjee ensured she paid all her credit card bills and EMIs on time. If her credit card statement showed a due amount of ₹20,000, she paid it in full by the due date or even before. This consistent on-time payment reflected positively on her credit report. Have a long <keyword id="2490224" type="General" weightage="20" keywordseo="repayment-history" source="Orion">repayment history</keyword>: The longer your good credit history the better chances of having a higher score. Additionally, the type of product taken, and the amount of credit availed also impacts the score. "Borrowers should avoid taking excessive credit within a short span of time, as it may increase the risk for the lender and thereby affect the score adversely," says Srinivasan. <keyword id="17612475" type="General" weightage="20" keywordseo="credit-utilisation" source="Orion">Credit utilisation</keyword>: Utilisation of credit cards should be kept low as compared to the credit limit. If a customer keeps a high outstanding balance which is near the credit limit on the card, it can negatively impact the score in the short term. Chatterjee managed her credit utilisation. The credit limit on her credit card credit was ₹1,00,000, she aimed to keep her spending below 30% of that limit, around ₹30,000. This helped maintain a healthy credit utilisation ratio, which further perked up her credit score. Check your credit score regularly: It is important to review your credit score regularly and see whether it is improving. Seeing it slightly improve can also serve as a motivation to be more disciplined in financial matters. Plus there could be some errors which pull down your credit score. In such instances one needs to get in <a href="https://www.businessinsider.in/personal-finance/news/unhappy-with-your-credit-score-heres-how-you-can-check-for-errors-and-rectify/articleshow/103269553.cms">touch with the credit bureau </a>and get it rectified. Chatterjee reviewed her credit report regularly and noticed an error—an old closed loan was still marked as active. She contacted the credit bureau and got it rectified, raising her score further. Things you should avoid doing Avoid multiple credit inquiries: Every credit application results in a hard inquiry on your credit report, and multiple inquiries can signal financial stress to lenders. “So, avoid unnecessary new credit applications, especially when planning major financial decisions like buying a home or car,” says Adhil Shetty, CEO, BankBazaar, a financial marketplace. Avoid EMI reductions or loan restructuring: While facing financial challenges, it might be tempting to opt for EMI reductions or loan restructuring. “However, these factors go on to indicate that you are not in a financially comfortable position, leading to lower credit scores. Avoid such actions, especially when you are trying to repair your score,” says Shetty. Cancel credit cards with caution: If you hold several credit cards with similar fees or benefits, think about cancelling similar cards, but do so carefully. Closing cards can affect your credit use ratio. Prioritise cancelling the most recent card over the oldest one since the older card reflects longer credit history and better illustrates your repayment habits if you've been consistent in the past. Last time Chatterjee checked, her credit score was 725 and she is confident of raising it to the 750 mark in the next few months. Improving your credit score is a lot like losing weight, you will not see results in a day. Depending on what part of the borrower’s behaviour has changed in the recent past, it may take between one month to almost a year to see the full impact of improvements in the score.

Credit score improvement requires strict discipline but it is possible – Here’s how to go about it

New Delhi, May 11 () RBI director S Gurumurthy on Monday made a strong case for one-time restructuring of loans to enable banks to lend to businesses hit by the crisis due to coronavirus outbreak. The swadeshi ideologue also favoured monetisation of deficit by the Reserve Bank saying it was a better option than overseas funds. The banks got into trouble by overlending money during 2004-2009 and now they are getting the economy into trouble by not lending money, he said, attributing the problem to wrong prudential norms.In a webinar on 'Rebuilding Indian Economy: Challenges and Opportunities' organised by Bharat Prakashan Delhi, Gurumurthy said further said that out of Rs 11 lakh crore of deposits, the banks have deployed as much as Rs 6 lakh crore in Reserve Bank of India (RBI)."The banks got in trouble by overlending money in 2004 to 2009 and they are getting into trouble by not lending the money. When economy needs the money; bank has money; bank does not lend the money because of the wrong prudential norms we are following," Gurumurthy said. He pointed out that 80 per cent of borrowers have been disqualified to borrow and the banks are unable to lend. "I think the RBI and the government should (sit) together and work out a model by which all the people who have been declared as NPA, provided their companies, their businesses are viable, they should be having one-time restructuring plan without which the way we want to come out of COVID-19, we will not be able to out easily". Gurumurthy further said the world is going on a protective mode in the wake of the COVID-19 shock. "I am happy that some people like Dr C Rangarajan (former RBI Governor) and others are now saying that we should monetise our deficit. This is very important because the nation standing on its own strength will create money to manage its issues rather than expecting some money will come from outside to pay this out," he said. Recently, former RBI Governor Raghuram Rajan also had suggested that the government should go in for monetisation and higher fiscal deficit in a 'measured' way to protect the health of the economy in these abnormal times.Monetisation, which is loosely referred to the printing of currency by the Reserve Bank, need not be a constraint on government spending, Rajan had said in a blog, adding, "government should be concerned about protecting the health of the economy and should spend what is needed."The government is trying to garner resources to combat the impact of coronavirus on the economy and the Finance Ministry on Friday decided to raise the market borrowing programme by 54 per cent to Rs 12 lakh crore for 2020-21, up from Rs 7.8 lakh crore estimated in February. BKS NKD CS MRMR

You Searched For "one time restructuring moratorium loans" and got 6 results

Three things the RBI will have to mull over as it gets ready to announce its monetary policy decision

Prabhjote Gill

If you have a bank loan that you are unable to pay, restructuring is on its way

Prabhjote Gill

One-time restructuring of loans needed: Srei chief on SBI's moratorium offer

PTI

RBI brings in KV Kamath to set the boundaries for a one-time restructuring of loans

Prabhjote Gill

Credit score improvement requires strict discipline but it is possible – Here’s how to go about it

Anagh Pal

Gurumurthy pitches for one-time restructuring of loans to boost economy

PTI

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