NPA relief likely for cos hit by coronavirus

The government is going to seek a relaxation in rules for classification of bank loans to a certain set of companies as a “sub-standard” asset, citing difficulties faced by them. These entities are engaged in export and import, or are those that depend on raw materials and inputs, from China where businesses have been impacted due to the coronavirus outbreak.

from Times of India https://ift.tt/3c0OVsA