Banks readying debt recast for Covid-hit companies - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Banks readying debt recast for Covid-hit companies

The IBA plan is to give the companies more time to pay back loans by extending the moratorium and in some cases extending the tenure of term loans. For working capital loans that are short term, the interest payment period could be extended to three years.

from Industry-Economic Times
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