{"id":17996,"date":"2020-08-28T03:10:21","date_gmt":"2020-08-28T03:10:21","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=17996"},"modified":"2020-08-28T03:10:21","modified_gmt":"2020-08-28T03:10:21","slug":"hope-not-too-many-will-apply-for-debt-restructuring-sbi-chairman","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=17996","title":{"rendered":"Hope not too many will apply for debt restructuring: SBI chairman"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2041521 size-large\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/07\/1-1125-620x413.jpg\" alt=\"\" width=\"620\" height=\"413\" srcset=\"\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2041521 size-large\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/07\/1-1125-620x413.jpg\" alt=\"\" width=\"620\" height=\"413\" srcset=\"\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2041521 size-large\" src=\"https:\/\/images.financialexpress.com\/2020\/07\/1-1125-620x413.jpg\" alt=\"\" width=\"620\" height=\"413\" srcset=\"https:\/\/images.financialexpress.com\/2020\/07\/1-1125-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/07\/1-1125-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/07\/1-1125-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/07\/1-1125-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/07\/1-1125-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/07\/1-1125-313x209.jpg 313w, https:\/\/images.financialexpress.com\/2020\/07\/1-1125.jpg 660w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\"\/><\/noscript><\/noscript><span class=\"article-caption\">Kumar identified the hospitality and aviation sectors as the most vulnerable because they have been the worst-hit by the pandemic.<\/span><\/figure>\n<\/div>\n<p>Corporate borrowers have been deleveraging their balance sheets over the past few years and few among them are expected to seek restructuring under the latest scheme, <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/state-bank-of-india-stock-price\/\" rel=\"noopener noreferrer\">State Bank of India<\/a> (<a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/state-bank-of-india-stock-price\/\" rel=\"noopener noreferrer\">SBI<\/a>) chairman Rajnish Kumar said on Thursday. Instead, retail borrowers are more likely to line up to avail of the benefit and SBI has already started receiving requests, he added.<\/p>\n<p>\u201cCurrently, for corporates I can say that a lot of deleveraging, resolution, clean-up has already happened and a lot of accounts were dealt with under the existing June 7 circular. As of now there are not many requests and I hope there are not many requests coming forward. There will be some requests for recast from the personal segment and we are readying ourselves for dealing with the volume as far as the P-segment is concerned,\u201d he said, speaking at Unlock BFSI, an event hosted by a business daily.<\/p>\n<p>Kumar identified the hospitality and aviation sectors as the most vulnerable because they have been the worst-hit by the pandemic. While there is some impact in the rest of the sectors, these two sectors along with entertainment, are the worst off.<\/p>\n<p>He also responded to the <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/tag\/rbi\/\" rel=\"noopener noreferrer\">RBI<\/a> governor\u2019s observations on the question of risk aversion and reduced appetite for lending among banks. Kumar said that as regulated entities, banks are doing everything in terms of putting appropriate systems in place.<\/p>\n<p>\u201cDefinitely, the governor is echoing the sentiment that the banking system is not lending as it was lending earlier years. It is a very common observation which keeps on coming but the fact is that there is a growth and in many areas what is happening is that demand for credit is not very high,\u201d Kumar added.<\/p>\n<p>He further said that bankers have been pointing to supply-side issues in credit delivery as also the depressed levels of investment in the economy. There are few new projects, which need money from banks. As a result, credit growth is languishing at 5-6% levels, as against growth rates in the range of 15-16% in the recent past, he said.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/hope-not-too-many-will-apply-for-debt-restructuring-sbi-chairman\/2067493\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kumar identified the hospitality and aviation sectors as the most vulnerable because they have been the worst-hit by the pandemic. Corporate borrowers have been deleveraging their balance sheets over the past few years and few among them are expected to seek restructuring under the latest scheme, State Bank of India [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17997,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-17996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/1598584224_1-1125.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/17996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17996"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/17996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/17997"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}