RBI's restructuring scheme may not be a blanket relaxation for all sectors
by Yash Shah
As per a report in Business Standard, the Reserve Bank of India’s (RBI) one-time restructuring scheme may not be a blanket relaxation for all sectors of the economy. Firms from the aviation, hospitality, and retail sectors are expected to be allowed to avail of the new scheme, whereas realty, steel, power, and telecom players could be excluded. It may have to be established that the stress is due to the pandemic, otherwise the scheme runs the risk of being misused.