Thousands of small- and medium-sized companies in India have missed loan payments and are staring at a prolonged period of distress owing to the pandemic while the larger ones have held their ground and, in some cases, thrived, loan recast data from top lenders showed.
Micro, small and medium enterprises (MSMEs) make up the overwhelming majority of companies that are seeking easier loan repayment terms from banks under the Reserve Bank of Indias special restructuring window for those affected by the coronavirus pandemic, according to the data.
While the trend is along expected lines, given the severe distress faced by businesses, senior bankers said that emerging data suggests that a disproportionately large number of MSMEs have been h…
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