One-time loan recast for India Inc may come up at Friday's RBI board meet

The virtual meeting of the central board will be its first since the outbreak of Covid-19

A one-time restructuring of loans for India Inc may figure in discussions at the Reserve Bank of India’s (RBI’s) central board meeting on Friday — the first since the outbreak of the Covid-19 pandemic.

While the central bank has not decided its position on the merit of such a scheme in the current situation, the affidavits to be filed in the Supreme Court by the Centre, the RBI, and the Indian Banks’ Association with regard to the loan moratorium scheme may have a bearing. 

A relaxation in the delinquency period for classification of non-performing assets (NPAs) to 180 days from