RBI announces loan restructuring window for corporates

The Reserve Bank of India (RBI) has announced a loan restructuring window for corporates following demands from bankers and industry. RBI Governor Shaktikanta Das made the announcement yesterday. Last week, Finance Minister Nirmala Sitharaman had said that the government is working with RBI on the need for restructuring of loans to help the industry tide over the impact of Covid 19. In February, the RBI had decided to extend the benefit of one time restructuring without an asset classification d...