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Actively engaging with RBI on loan restructuring, says Sitharaman

Updated : July 31, 2020 10:23 PM IST

There were clear hints from the Finance Minister Nirmala Sitharaman on Friday that one-time restructuring of loans to cushion the impact of the pandemic could be in the offing.

Addressing executive committee meeting of the industry body FICCI, the minister said the government's focus is on loan restructuring and the ministry is actively engaging with the RBI.

She also added that the idea of a loan restructuring, in principle, is well taken, especially for the hospitality industry, reports Ritu Singh.

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