RBI May Reject Plea To Extend Interest Relief

RBI is likely to reject banks’ request to extend interest-payment relief to working-capital borrowers, as it seeks to wind down some of the pandemic-era policies amid brighter prospects for the economy, three people aware of the matter said. The Kamath committee had selected 26 sectors that will require debt restructuring based on its analyses of financial parameters impacted by the pandemic.

Source: Live Mint

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