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Stressed infrastructure accounts see little hope in new RBI norms

The resolution effort may find itself in a conundrum where most road companies may not need it, and power companies may not benefit, say experts

Stressed accounts | RBI

Amritha Pillay & Shreya Jai  |  Mumbai/New Delhi 

Stressed accounts
Large standard power accounts, like JSW Energy and Tata Power, opted for a moratorium in April, only to opt out of it soon after

The Reserve Bank of India’s (RBI’s) circular for one-time restructuring of standard accounts affected because of Covid-19 offers a pragmatic solution, but it might do little for infrastructure sectors, which were stressed even before the pandemic arrived.



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First Published: Tue, September 08 2020. 20:52 IST