Future Retail misses ₹3,000 crore payment date to its lenders as part of RBI's OTR scheme for Covid-hit companies - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Future Retail misses ₹3,000 crore payment date to its lenders as part of RBI's OTR scheme for Covid-hit companies

The Kishore Biyani-promoted hypermarket has a one-month grace period for making the OTR payments. That grace period ends January 30. If payments are not made by then, the account would be classified as a non-performing asset (NPA) and the concessions under the OTR terms would be recalled by lenders.

from Industry-Economic Times
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