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Reserve Bank of India to ease rules for restructuring loans for airlines

2-Sep-2010 10:21 AM

Reserve Bank of India (RBI) has agreed to ease rules for the restructuring of loans for the nation’s debt-laden airlines (Live Mint, 01-Sep-2010). Banks will now be permitted to restructure unsecured aviation loans without classifying them as non-performing assets. Currently under RBI guidelines, only secured loans are eligible for restructuring. [more - Perspective]