The Central Bank has studiously avoided prescribing the detail of the loan modification arrangements adopted by the banks and it must necessarily be for the banks themselves to undertake the case-by-case review of customers that is required. However, I would observe that there is significant variability in the approaches that the banks are taking to loan modification.
That is natural and understandable, and I would not expect a standard approach across so many different institutions, with different portfolios and different types of owners, for so many different customers. But there are some key parameters in the typical loan modification arrangements that might perhaps merit a close side-by-side comparison in due course.