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2-Sep-2010 10:21 AM

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

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]