: ‘Roll out resolution schemes by Sep 15’ #FinanceIndia #StockMarketNEWS #Business New Delhi: Finance Minister Nirmala Sitharaman on Thursday directed banks to roll out resolution schemes for COVID-related
@StockMarketNEWS Mon 07 Sep, 2020
‘Roll out resolution schemes by Sep 15’ #FinanceIndia #StockMarketNEWS #Business
New Delhi: Finance Minister Nirmala Sitharaman on Thursday directed banks to roll out resolution schemes for COVID-related stress by September 15.
During her interaction with the heads of scheduled commercial banks and NBFCs through a video conference, Sitharaman focused on lenders immediately putting in place board-approved policy for resolution, identifying eligible borrowers and reaching out to them, said an official statement.
She also called for quick implementation of a sustained resolution plan by lenders for revival of every viable business.
Sitharaman told the lenders that as and when moratorium on loan repayments is lifted, borrowers must be given support and COVID-19 related distress must not impact the lenderp?&H????Y[?? Z??Y] ]??[?????????? ?H[ ???[Y??H ??Z[?YYYXH?[ZY? ??X]H]??[???[[?? H????????? H ??? ][? ??[YK??HY ??Y[??? ?[???H ] ?Y?[? H ]Y?T?? H ??? ][???[Y]????H ?YY? Z? ?X??]?[?[?K[???[? ?Y?[?[[??XY??[?[ ?????[]Y ? Z???X??[???[????????'H[??????Y ] ^H?H ?XY H ?] Z? ??? ][? ?X?Y?[?]?H ??Y H ??????Y[?Y?Z[??[? ?XX?[???] ?[Y?X?H???????[? ] ^H ?[?? H ?] H [Y[[?? ? []Y?H H????H?[???[?XH
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