Future Retail misses ?3,000 crore payment date to its lenders as part of RBI's OTR scheme for Covid-hit co - Economic Times

The Kishore Biyani-promoted hypermarket has a one-month grace period for making the OTR payments. That grace period ends January 30. If payments are not made by then, the account would be classified as a non-performing asset (NPA) and the concessions under th…
Friday failed to make scheduled payments of 3,000 crore to its lenders as part of the central bank's one-time restructuring (OTR) scheme for Covid-19 hit companies, people with knowledge of the matte… [+2252 chars] Read More