Large corporate loan recast in deep waters

200 accounts set to become NPAs by March-end as bankers want immunity from prosecutions in future

Dev Chatterjee & Abhijit Lele  |  Mumbai 

A large number of corporate debt proposals would miss the March-end deadline and fall into the non-performing assets (NPAs) category, with banks refusing to clear the files unless given immunity from prosecution, bankers and chief executive officers said.  Over 200 accounts are in different stages of getting approval for loan restructuring and the “go-slow” approach by banks would hit corporates hard in making investment decisions for the next financial year (FY18), beginning April. “There are zero incentives to clear debt recast packages. On the ...

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Large corporate loan recast in deep waters

200 accounts set to become NPAs by March-end as bankers want immunity from prosecutions in future

200 accounts set to become NPAs by March-end as bankers want immunity from prosecutions in future A large number of corporate debt proposals would miss the March-end deadline and fall into the non-performing assets (NPAs) category, with banks refusing to clear the files unless given immunity from prosecution, bankers and chief executive officers said.  Over 200 accounts are in different stages of getting approval for loan restructuring and the “go-slow” approach by banks would hit corporates hard in making investment decisions for the next financial year (FY18), beginning April. “There are zero incentives to clear debt recast packages. On the ... image
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