Rs 10 trillion, or 8%, of loans will get recast under new framework: Icra

Banks and non-bank lenders will restructure up to Rs 10 trillion in debt, or 8 per cent of outstanding loans, under the one-time restructuring scheme announced by the Reserve Bank, domestic rating agency ICRA said on Wednesday.

The RBI has operationalised guidelines based on K V Kamath-led panel's recommendations, which give relief to 26 listed sectors affected by the pandemic and stress on banks factoring-in leverage, liquidity and debt serviceability before admitting a case.

"We feel the overall restructured portfolio will come at 5-8 per cent of the overall loans," the agency's head of credit policy Jitin Makkar told reporters