Only Rs 1,000-1,500 cr of loan book to be restructured: Bank of Maharashtra chief

Only Rs 1,000-1,500 cr of loan book to be restructured: Bank of Maharashtra chief

State-run Bank of Maharashtra is expecting only ₹1,000 to ₹1,500 crore of its total advances to come up for one-time restructuring under the Reserve Bank of India’s scheme before December 31, its managing director and CEO AS Rajeev said. However, over a period of time the moratorium book itself came down drastically from 27 per cent in March to 15-16 per cent (₹14,000-15,000 crore) as of end August, he said.

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