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RBI puts curbs on 2 Edelweiss companies

RBI has imposed restrictions on ECL Finance and EARCL, companies of the Edelweiss group, for 'evergreening' stressed loans, where lenders extend credit to borrowers unable to repay existing loans.

May 30, 2024 - 05:30
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RBI puts curbs on 2 Edelweiss companies
RBI has imposed restrictions on ECL Finance and EARCL, companies of the Edelweiss group, for 'evergreening' stressed loans, where lenders extend credit to borrowers unable to repay existing loans.
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