Lenders restructure Religare Finvest debt, banks take hit
  • WebDesk BTVI
  • Jul 22 2019

Lenders have restructured Religare Finvest debt which led to bankers taking a hit of nearly Rs 3,300 crore, sources say. Banks expect write-off to be recovered later via sale of non-strategic assets, but sources say recovery for banks is possible only over long term. The outstanding debt of Religare Finvest stands at Rs 5,850 crore with sustainable debt at Rs 2,693 crore.