Friday, September 14, 2012

Banks must raise provisions for debt rejig: RBI panel chief

The Reserve Bank of India (RBI) committee on restructuring led by its executive director B Mahapatra has justified the steep increase in the provision requirements for restructuring to arrest the spike in large amounts of debt getting converted into equity and preference shares specially in case of large exposures restructured under the corporate debt restructuring (CDR) mechanism ......

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