5% of total bank loans could be restructured due to Covid: CARE Ratings

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 5% of total bank loans could be restructured due to Covid: CARE Ratings

CARE Ratings NSE -2.74 % has estimated that 5% of banking systems loans could be recast under the one-time restructuring (OTR) scheme available to companies impacted by the pandemic. An earlier estimate by India Ratings had estimated that up to 7.7% or Rs 8.4 lakh crore of the total bank credit could get restructured or if they do not qualify for restructuring, may slip into bad loans.


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