 "Loan recast: NBFCs' refinancing needs likely to increase, says report")
With the Reserve Bank allowing restructuring of loans that are facing stress due to the Covid-19 pandemic, non-banking finance companies are likely to see an increase in their refinancing requirements, says a report.
Last week, RBI gave permission to lenders to go for one-time restructuring of corporate and personal loans facing stress due to the disruptions caused by coronavirus.
"The Reserve Bank of India's decision allowing lenders to restructure loans would increase their refinancing requirements, especially for non-banking banking companies (NBFCs)," India Ratings and Research said in a report.
