Tag: restructuring loans
RBI extends restructuring of MSMEs existing loans without downgrade in asset classification In August 2020, to support the MSME entities on account of Covid-19 pandemic RBI had permitted that existing loans to MSMEs classified as ‘standard’ may be restructured without a downgrade in the asset classification. In view …
Existing loans to MSMEs classified as ‘standard’ may be restructured without a downgrade in the asset classification Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances To support the MSME entities on account of the fallout of Covid-19 pandemic RBI has decided that existing loans to …
RBI permits one-time restructuring of existing loans to MSMEs RBI has decided to permit a one-time restructuring of existing loans to MSMEs that are in default but ‘standard’ as on January 1, 2019, without an asset classification downgrade. As per Press Release of RBI, the issue of restructuring …
