Banks may be compelled to write off loans availed by Steel companies that are now debt-ridden and undergoing bankruptcy proceedings. This implies that banks may have to bear steep haircuts of around 56% due to the high debt that these companies are smothered in. According to the Reserve Bank list, out of the 12 companies […]

The post Banks to bail out 5 Steel Firms from debt by taking around 56% haircut appeared first on BankBazaar News.