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Indian banks look to RBI to restructure $40 billion in bad loans to travel and tourism firms

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Indian banks look to RBI to restructure $40 billion in bad loans to travel and tourism firms

Indian banks have reached out to the Reserve Bank of India (RBI) to restructure loans worth Rs 3 trillion ($40 billion) given to companies in stressed sectors such as aviation, hospitality and tourism and commercial real estate fearing a rise in non-performing loans from COVID 19. The breakdown for...

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