RBI relief unlikely for stressed power sector; govt to work on reform plan

The Reserve Bank of India (RBI) is unlikely to soften its stand on stressed assets in the power sector, which is asking for a special dispensation under the Insolvency and Bankruptcy Code (IBC).

The Centre is likely to push for debt restructuring and reform schemes to resolve issues plaguing private power producers.

After chairing a meeting with stakeholders in the power sector, along with officials of the ministries of coal and power and an RBI representative, Rajiv Kumar, secretary, Department of Financial Services, said the central bank had reiterated that its February circular provided enough room to restructure stressed power