PETALING JAYA: More banks are setting aside provisions to reschedule and restructure (R&R) loans and this may further dampen earnings and impact asset quality this year as the sector braces for a challenging year.
Banking sources told StarBiz that since the guidelines on restructured and rescheduled loans came into force in April last year, not many banks have proactively set provisions for R&R loans but now will do so amid the tough economic and investment climate.
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