Announcements made by the Reserve Bank, particularly the one on resolution of loans, have been welcomed by the industry as well as market players and experts.
The Reserve Bank of India (RBI) on Thursday announced a loan restructuring window for corporates following the demand from bankers and the industry.
The restructuring will be allowed as per the prudential framework issued in June 2019, RBI Governor Shaktikanta Das said.
Last week, Finance Minister Nirmala Sitharaman had said that the government is working with the RBI on the need for restructuring of loans to help the industry tide over the impact of COVID-19.