 "Nirmala sitharaman, Finance minister")
Union Finance Minister Nirmala Sitharaman on Thursday said that the government was in talks with the Reserve Bank of India (RBI) for a one-time restructuring of loans to help companies which are under stressed due to the Covid-19 pandemic. She said that the government was also in talks with the RBI and other banks to ascertain why the reduction in interest rates was not being passed on to customers.
Addressing a webinar on MSMEs organised by Chennai International Centre (CIC), Sitharaman said that there was intense engagement with the RBI on the one time restructuring.
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