FM tells lenders to prepare resolution plans by Sep 15
New Delhi, Sept. 4 -- The Union government on Thursday asked banks to prepare debt recast plans for pandemic-hit businesses by September 15, with the six-month loan moratorium drawing to an end. In a virtual meeting with banks and non-bank lenders, finance minister Nirmala Sitharaman said the distress caused by the pandemic should not impact lenders' assessment of borrowers' creditworthiness....
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