RBI opens one-time window for cos, individuals to recast loans

For the first time since the 2008 financial crisis, the Reserve Bank of India on Thursday announced an across-the-board loan restructuring scheme that will extend to individuals, in addition to airlines, hotels and steel and cement companies hit by the pandemic. ​​​​The step is being viewed as the central bank’s effort to shoulder the burden of seeing the economy through the worst peacetime crisis in the last 100 years.

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