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Economy

RBI board to meet today amid rising hopes it will consider loan recast scheme

Updated : June 26, 2020 11:22 AM IST

The RBI board is meeting for the first time today since the COVID-19 pandemic to discuss the state of the economy.
There is hope the RBI would issue a one-time loan restructuring scheme, especially after the FM said the govt and RBI were discussing it.
The RBI, however, does not need the board's nod to approve a restructuring scheme.

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