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Should the RBI grant a one-time loan restructuring? Here's what experts have to say

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Lenders do not want the moratorium extended but borrowers are batting for an extension. Latha Venkatesh spoke to Sunil Srivastava former Deputy MD of State Bank of India, RK Bansal MD & CEO of Edelweiss Asset Restructuring Company, V Srinivasan former Deputy MD of Axis Bank and Sunil Mehta CEO of Indian Banks Association.

A fascinating exchange between the veteran of Indian financial sector Deepak Parekh and Reserve Bank of India governor Shaktikanta Das at an industry event last week laid bare a divide within corporate India. Lenders do not want the moratorium extended but borrowers are batting for an extension.
Amidst all this, the finance minister has hinted that a one-time restructuring of loans is in the making and the government is "actively engaged with the RBI."
While banks are more welcoming of a restructuring of loans than a moratorium, former deputy governor NS Vishwanathan warned that a restructuring if it is granted, must be very tightly targeted.
So, should the RBI grant a one-time restructuring? If yes, what should be the conditions? To discuss this Latha Venkatesh spoke to Sunil Srivastava former Deputy MD of State Bank of India, RK Bansal MD & CEO of Edelweiss Asset Restructuring Company, V Srinivasan former Deputy MD of Axis Bank and Sunil Mehta CEO of Indian Banks Association.