Indian analytical company Crisil on Thursday said half of the mid-size companies in its portfolio will be eligible for the recast. Companies with relatively weaker credit profiles, and part of low-resilience sectors are expected to benefit more from the scheme, Crisil said, specifying that mid-sized companies are those having aggregate exposures of less than Rs 500 crore.

RBI Governor Shaktikanta Das had on Wednesday announced another window to recast loans given the second wave of COVID-19 infections. As per the announcement, individuals, small businesses and MSMEs having aggregate exposure of up to Rs 25 crore would be eligible for consideration under the Resolution Framework 2.0, provided they have not availed of restructuring under any of the earlier frameworks and were classified as standard accounts as on March 31.

Crisil said it rates 6,800 mid-sized entities and more than half of them are small and medium enterprises (SMEs) having a bank loan exposure of up to Rs 25 crore. Over 3,400 of the mid-sized companies were classified as standard accounts, making them eligible to avail restructuring. "The RBI's intervention is timely and companies with weaker credit profiles will benefit more from the restructuring scheme," its Chief Ratings Officer Subodh Rai said.

The Crisil said it has analysed the impact of the proposed restructuring on a sectoral basis, categorising 43 sectors (excluding the financial sector) into three categories viz high, moderate and low resilience.

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