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Mumbai (Maharashtra) [India], June 4 (ANI): The Reserve Bank of India (RBI) on Friday opened a separate liquidity window of Rs 15,000 crore till March 31 next year to mitigate the adverse impact of Covid-19's second wave on certain contact-intensive sectors.
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
Enhances maximum aggregate exposure to ₹50 crore for MSMEs and others
New loan restructuring policy offers more clarity to borrowers Premium Read Full Story The Reserve Bank of India’s (RBI’s) new policy on the restructuring of loans nudges lenders and card issuers to be more transparent and fixes timelines within which financial institutions should act. During the latest monetary policy, the RBI announced the Resolution Framework 2.0, which allows lenders to restructure loans of individuals and small businesses. MORE FROM THIS SECTIONSee All Premium Premium Premium Premium Premium Premium Premium Premium Over 85% of policyholders renewed family floater he...
The Reserve Bank of India (RBI) in its special address today meant strict business, with a chiselled focus on alleviating financing constraints for economic stakeholders at the grass root level bearing a disproportionate burden of the ravaging second wave of COVID in the country. Wide ranging in scope, these stakeholders included: 1) On the retail side small individual borrowers; 2) On the business side, small business borrowers and MSMEs; 3) Among financial entities – Small Finance Banks (SFBs) and MFIs; and 4) On the sectoral side – Health/healthcare sector. Despite RBI’s stepped-up ...