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

Apr 28, 2021 11:26 IST | By Editorji News Desk

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."


Economy