MUMBAI : The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the central bank will come out with the resolution framework for all covid-19 related stressed accounts by 6 September.
In his interview to CNBC Awaaz, Das also said that banks can extend the moratorium by 3, 6 or even 12 months under the one-time restructuring.The RBI has allowed banks to restructure some loans to support economic recovery and help hard-pressed individuals, companies tide over the ongoing coronavirus crisis.