Reserve Bank of India Governor Raghuram Rajan has said that India is considering giving banks more flexibility when restructuring distressed loans in a bid to help cash-strapped projects to get funding from lenders.Speaking at the Institute of Rural Management -Anand in Gujarat, he said that RBI is exploring ways to allow banks more flexibility in restructuring. He was delivering the third Dr. Verghese Kurien Memorial Lecture today at Anand. Mr.Rajan said, this is a risk we are prepared to take if it allows more projects to be set on the track to recovery. Banks have seen a sharp rise in bad loans after India posted sub-5 percent growth for two consecutive years and have been urging the central bank to provide them with relaxations on classifying bad loans.