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The Reserve Bank of India (RBI) has doubled the exposure threshold for MSMEs looking to apply for restructuring their business. The limit was earlier locked
NBFCs seek MSME restructuring scheme extension till March 2022 In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as 'standard' without downgrade in the asset classification subject to certain additional provisioning and other compliances PTI | April 19, 2021 | Updated 09:31 IST Non-banking finance companies (NBFCs) have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses. In February last year, the Reserve Bank had pe...