New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday offered 2nd window to particular person, small borrowers having up to Rs 25 crore loans for restructuring loans if not availed earlier.
The moratorium will probably be obtainable to people and small and medium enterprises that haven’t restructured their loans in 2020 and had been categorized as normal accounts until March 2021, RBI Governor Shaktikanta Das stated.
RBI Governor, addressing a videoconference stated that the scenario has reversed from being on foothills of sturdy financial restoration to going through a fresh disaster.
Das stated that the central financial institution will proceed to monitor scenario from resurgence of COVID-19 instances and can deploy all assets and devices at its command particularly for the residents, enterprise entities, and establishments beleaguered by the second wave.
RBI Governor additionally introduced Rs 50,000 cr precedence lending by banks for hospitals, oxygen suppliers, vaccine importers, COVID medicine by March 31, 2022.
In view of fresh challenges, Small Finance Banks at the moment are permitted to regard fresh on-lending to MFIs with asset dimension up to Rs 500 crore, as precedence sector lending, facility obtainable up to 31 March, 2022.
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