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The two-year period for the debt restructuring of firms hit by Covid-19 is reasonable, as things will be back to normal in this time frame, says K V Kamath, chairman of the Reserve Bank of India’s (RBI’s) expert committee on a one-time loan recast. In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator. Edited excerpts:
The panel held interactions with representatives of various industry segments impacted by the pandemic. What is the extent of pain?
Economic growth in the first quarter was negative. The pain experienced by
