Unlock BFSI 2.0: SBI chief hopes for lesser corporate debt recast requests

Kumar said banks would look at all requests for restructuring on a case-to-case basis and will act according to whatever is permitted by regulation

State Bank of India Chairman Rajnish Kumar on Thursday said he hopes for lessser number of requests for one-time restructuring of loans from corporates.

Earlier this month, RBI allowed one-time restructuring of both corporate and retail loans that are being affected by the Covid-19 related stress.

"Currently, for corporates, I can say that because of a lot of deleveraging and resolution, clean up has already happened and a lot of accounts got dealt with under the existing June 7 framework of RBI. As of now, there are not many requests (restructuring) and I hope that there are not many requests