SBI economists pitch for sector-specific loan recast after moratorium ends

Economists at State Bank of India (SBI) on Monday pitched for a sector-specific loan restructuring package after the end of the six-month loan repayment moratorium on August 31.
 

They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets.
 

There is a growing list of voices demanding loan restructuring given the impact of the coronavirus pandemic on economic activities. However, some point to the global financial crisis experience, where the restructuring eventually led to an amassing of a huge pile of bad loans that the system is