There may not be a need for a system-wide loan moratorium, of the kind being offered between March and August, even though some sectors will continue to need support, State Bank of India (SBI) chairman Rajnish Kumar said on Friday. These sectors include aviation, gems and jewellery and hospitality. The SBI chief proposed that companies be placed in three buckets – first, where the working capital cycle has to be readjusted; second, where term loans have to be realigned in conjunction with cash flows; and third, where losses are unsustainable and deep restructuring will be the only way out. Kumar said that it is still premature to make a prediction on whether it would be extended adding that the percentage of borrowers opting for the moratorium is small. “..if you ask me, across-the-board moratorium is not required anymore after August 31. However, certain sectors may need some relief and, based on the data available with the Reserve Bank of India, a calibrated response from the RBI is what I expect,” he said at the seventh edition of SBI’s banking and economics conclave. Kumar’s comments are significant at a time when there are murmurs of the government considering an extension of the moratorium all the way till the end of 2020.