Bankers led by State Bank of India have asked for a special dispensation from the banking regulator to revive companies that require deep restructuring of loans.

Speaking to media, SBI chief Arundhati Bhattacharya said that bankers have asked the Reserve Bank of India’s approval to amortise losses that require deep restructuring of loans. Such restructuring involves haircuts, longer duration loans and reduction in interest rates and converting a substantial portion of loan into equity.

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