No need to extend timelines for recast loans, says Axis Bank top exec

The deadline has already been extended once, and if the borrowers are not able to meet the parameters, banks are required to classify the loans as "non-performing"

Premium

Axis Bank

Mumbai

2 min read Last Updated : Dec 15 2021 | 0:27 AM IST

Axis Bank does not see the need to extend timelines for meeting operational parameters for corporate loans restructured under the regulatory package to tackle the impact of Covid-19.

Rajiv Anand, deputy

Topics : Axis Bank loans

First Published: Dec 14 2021 | 3:28 PM IST

Explore News

Stock Market Updates World Heart Day 2023 Asian Games 2023 Kabaddi schedule Latest News Live Asian Games LIVE updates India Cricket World Cup Squad Hookah Ban in Haryana Gold-Silver Price MCX Share Price Asian Games 2023 September 30 schedule

Companies News

Air India completes acquisition of its 1st A350 aircraft through GIFT City Jalan Kalrock Consortium infuses Rs 100 crore in cash-strapped Jet Airways

Sports News

Asian Games 2023 September 30 schedule: India event timings, streaming Asian Games Day 6 Highlights: Historic shot put medal push IND tally to 33

India News

Punjab farmers continue three-day 'rail roko' agitation over MSP demand War in Ukraine pushes India to obtain more self-propelled guns to arsenal

Economy News

Adani partnership remains steadfast: IHC on Adani units' stake sale Sugar market eyes restrictions from India after lower monsoon rains

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Continue

No need to extend timelines for recast loans, says Axis Bank top exec

The deadline has already been extended once, and if the borrowers are not able to meet the parameters, banks are required to classify the loans as "non-performing"

Also Read

Axis Bank slips over 1% ahead of Q1 results today; here's what to expect

Axis Bank Q1 results: Net profit rises 94% to Rs 2,160 cr; NII up 11%

Non-bank financial entities' restructured loans to rise 3.3% by March: ICRA

Recast loans worth Rs 70,000 crore get extra time to meet norms

Axis Bank shares surge 11% in 5 days. What's fuelling the rally?

Banks lost Rs 2.85 trn due to loan default of 13 firms, alleges UBFU

As many as 41,177 posts vacant at public sector banks: Govt

Fintech leading India's banking revolution but it's hampered by old rules

What does a scheduled bank status mean for Paytm Payments Bank?

RBI announces proposal to push UPI payments through feature phones

Explore News