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Banks have to take haircuts of 40-60% to achieve moderate degree of safety: Study

Banks have to take haircuts of 40-60% to achieve moderate degree of safety: Study

Mumbai, Sept 12 (IBNS): With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate degree of safety regarding timely servicing of financial obligations), noted a recent ASSOCHAM-Crisil joint study.