INSUBCONTINENT EXCLUSIVE:
medium level companies and lenders like DCB Bank, Federal Bank, City Union Bank and Kotak Mahindra Bank could see earnings improve, nudging
them to open up credit lines to ease freeze
an asset classification downgrade
The restructuring has to be implemented by March 31, 2020
RBI has allowed scheme for restructuring of stressed assets with credit facilities not exceeding Rs 25 crore as on January 1
When borrowers fail to repay loans due to genuine reasons, lenders relax terms and conditions for repayments, known as restructuring in
Select banks will significantly do well in future as creditworthiness of small companies is likely to improve giving opportunity for credit
Federal Bank shares rose 2% to close at 94.85 on Wednesday
While DCB Bank shares fell marginally by 0.18%, City Union Bank shares slipped 0.21%
companies are GST compliant
A GST compliant company is seen as more creditworthy compared to non-complaint entities.
