Lenders tap debt rejig consultants – PNBank, UCO Bank and BoM

MUMBAI : State-run banks are hiring specialists to study the feasibility of an expected debt restructuring, fearing a pile-up of bad loans once the loan moratorium ends on 31 August. The external consultants will conduct so-called techno-economic viability (TEV) studies to ascertain how a loan account will perform after a potential debt recast.

Punjab National Bank, UCO Bank and Bank of Maharashtra have already advertised for such TEV consultants, though the Reserve Bank of India (RBI) is yet to make up its mind on debt restructuring.