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Don't Pay: Find out why 75,000 Brits will stop paying their power bill

Don't Pay: Find out why 75,000 Brits will stop paying their power bill

Top Pakistan Taliban leader, 3 others killed in a blast in Afghanistan: reports

Top Pakistan Taliban leader, 3 others killed in a blast in Afghanistan: reports

Big blow to China: India may ban cheap Chinese smartphones

Big blow to China: India may ban cheap Chinese smartphones

Delhi: Man asks children not to play on the road, then allegedly opens fire

Delhi: Man asks children not to play on the road, then allegedly opens fire

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Raksha Bandhan Special: Here are some movies that manifest sibling bond perfectly

Top bankers to small lenders warn of bad loans, Urge RBI to extend recast scheme

Axis bank chief Amitabh Chaudhary has warned that bad loans may rise as collection for loans could start to slow due to localised lockdowns. “These are early days, but we do see an immediate business impact across segments," said Chaudhary.

Meanwhile Finance Industry Development Council (FIDC) has also written to the RBI requesting extension of the restructuring scheme till March 31, 2022. The industry body urged the central bank to consider the recast as "the retail borrowers, including the MSMEs, as also the retail and wholesale trader industry shall be in urgent need of support from the lenders, to revive their economic activities."


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