The SBI chairperson said there was a need for "immediate intervention to stem the slide" and the government should offer a bailout deal to players.
The relief package should include "deferred payment liability" for spectrum purchases that should be aligned to the life of the spectrum holding by telcos, which is 20 years. Against the current payback plan where companies need to pay for spectrum in 10 years after a two-year moratorium, Bhattacharya suggested a moratorium of five years and repayment in 15 years thereafter.
