Covid-19 second wave: Clamour for packages for banks and NBFCs grows

Senior bankers say the situation had become serious and it was tough to gauge the economic impact

Lenders are seeking a three-month moratorium on loan repayments and another opportunity for restructuring the debt for borrowers who did not avail of recast under the last year’s regulatory package and are now feeling the heat of the second wave of the pandemic. 
 
Senior bankers said the situation had become serious and it was tough to gauge the economic impact of the pandemic this time around. This is more so for sectors such as hospitality, which got battered in the first wave.
 
The banks have made a plea to either extend the window for invocation of the regulatory