RBI Permits Banks to Convert Stressed Loans into Standard, Conditions Apply - 25.09.2015

RBI has said that it would permit banks to convert status of their "stressed" loans to a company into "standard" ones if entity is sold to a new major stakeholder, although certain conditions would apply. RBI further said that major stakeholder have to buy 51% of paid-up equity capital of company.

Tags : RBIBanks

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