Loan recast: Things should be back on track in 2 years, says K V Kamath

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.....

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