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Banks will take 12-18 months to show covid symptoms
A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo
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Deep Mukherjee
Early signs suggest that government measures such as the Emergency Credit Linked Guarantee Scheme (ECLGS) is providing some relief to covid-impacted businesses
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Early signs suggest that government measures such as the Emergency Credit Linked Guarantee Scheme (ECLGS) is providing some relief to covid-impacted businesses. Additionally, the Reserve Bank of India’s (RBI) moratorium and its subsequent one-time-restructuring (OTR) scheme have contributed to keeping the non-performing asset (NPA) levels of banks in check. Following a Supreme Court (SC) stay order, banks have not tagged the loans of specific borrowers as ‘NPAs’ since August 2020. Institutional lenders, though, have started reporting p ....

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