Leading domestic ratings agency Crisil on Friday remarked with a concern that feared risk aversion among banks may lead to only the large companies benefitting under the Rs 15,000-crore on-tap liquidity window for contact-intensive sectors announced earlier in the day.

The Reserve Bank of India's (RBI) aggregate debt eligibility thresholds for small enterprises to avail loan recasts takes the total number of entities able to access the facility to two-thirds of the rated mid-size portfolio, it said.

 Earlier in the day, the Central Bank relaxed the eligibility criteria for the restructuring window offered under the Resolution Framework 2.0 to Rs 50 crore. Earlier, only half of the rated companies were entitled for the package when the loan eligibility threshold was set at Rs 25 crore. It also launched the Rs15,000-crore liquidity facility.

The on-tap liquidity window for contact-intensive sectors such as hospitality, travel and tourism, and aviation ancillary services, which have borne the brunt of the second wave of the pandemic, is timely also, the agency said. "There is a possibility that only large existing borrowers in contact-intensive sectors actually benefit from this on-tap liquidity window as banks may have greater comfort with them," the agency said.

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