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Bank of India approves covid-19 debt recast worth Rs6,100 crore

India covid-19 pandemic
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Bank of India (BoI) has received covid-19 debt recast requests from 50,000 borrowers with loans amounting Rs6,100 crore, lower than its initial expectations, said the bank's chief executive AK Das."When we identified eligible accounts, there were about 3,00,000 eligible accounts involving Rs23,000 crore.

Moreover, of the Rs6,100 crore, we have already implemented Rs1,200 crore of restructuring," Das told reporters on Wednesday.Also Read | Inside the third front of the farm agitationAfter a six-month moratorium on loan repayments, the Reserve Bank of India (RBI) allowed banks to restructure loans of stressed borrowers without classifying them as bad loans, thus saving them from excess provisions.On 8 February, Mint had reported that banks.

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United States
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India
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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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