Deepak Parekh covid-19 recommendations Government Deepak Parekh

Deepak Parekh pushes for one-time restructuring of real estate accounts

Reading now: 347
www.livemint.com

HDFC Chairman Deepak Parekh today pushed for a one-time restructuring of stressed real estate accounts and relaxation in classification of NPA norms to 180 days from 90 days to help the sector which has been severely affected due to COVID-19 related disruptions.

While addressing representatives from the real estate sector through video conferencing, Parekh said unless the stressed accounts are restructured, financial institutions will find it difficult to provide additional liquidity to the sector.

The video conference was organised by real estate developers associations- Naredco and Credai. “Today, most of the developers are in a stressful situation and many of them are NPAs or will become NPAs.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA