Here's what former RBI deputy governor Mundra says on one-time loan restructuring

In an interview to CNBC-TV18, SS Mundra, former deputy governor of Reserve Bank of India, shared his views on the contours and caveats of one-time loan restructuring.

“It will be naïve to believe that we can prescribe some kind of formula which can take care of all the sectors and borrowers, but having said that at some point of time there would be a need of restructuring,” said Mundra.

He further said that the extension of moratorium is the only way to address their needs via rescheduling.