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RBI Chief hopeful of revival of economy with loan restructuring plan

Shortpedia

Content Team
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Reserve Bank of India Governor Shaktikanta Das said the Central Bank is eyeing the revival of the economy with the loan restructuring plan. He said the new plan will provide a "durable" resolution for cash-strapped businesses and help revive the economy. Mr Das added that the loan restructuring plan has replaced a blanket loan moratorium that's due to expire later this month. He further said the moratorium was a temporary plan.