‘Talking to RBI on extending moratorium’

NEW DELHI: Finance minister Nirmala Sitharaman has said the government is working with the RBI on the industry’s need for restructuring of loans.
“The focus is on restructuring. Finance ministry is actively engaged with RBI on this. In principle, the idea that there may be a restructuring required, is well taken,” the FM said, while addressing the national executive committee meeting of industry lobby group Ficci.
Sitharaman also said the finance ministry is working with the central bank on the demand of the hospitality sector for extension of moratorium, or restructuring.