Saturday, October 15, 2016

Banks in a bind over RBI norm

The Reserve Bank of India's (RBI) new norms asking banks to cap their collective exposure to a single large corporate borrower at ?10,000 crore, by April 1, 2019, has left the lenders between a rock and a hard place. Banks fear that stressed corporate borrowers may not be able to raise resources from the bond market - as the RBI has suggested - to repay their loans.

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