Big borrowers safe bet for lenders

  • 8 months ago
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THO
MUMBAI: Big borrowers are turning out to be safer for lenders. According to banks, there are only a small number of large companies where they may need to make a sacrifice after referring to the K V Kamath committee for restructuring.
Last month, RBI constituted a committee headed by veteran banker Kamath to look at all loan accounts of over Rs 1,500 crore, which need to be restructured due to the stress caused by Covid crisis.
Bankers said thanks to IBC, many of the large corporates have significantly de-leveraged and reduced debt burden.
Last week, SBI chairman Rajnish Kumar indicated that he did not expect many corporates to come up with a request for a one-time restructuring.
In the worst impacted sectors – hospitality companies with high debt have strong parentage. In aviation, lenders have been cautious after default by Jet Air.

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