Stay updated with breaking news from Resolution Framework. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
RBI has allowed banks to recast accounts of individual borrowers and small businesses who had restructured their loans under last year’s resolution framework
The Finance Industry Development Council (FIDC) has sought loan restructuring for the micro, small and medium enterprises (MSME) who benefited from the previous loan restructuring framework provided by the Reserve Bank of India amid the ...
Loan restructuring: FIDC seeks clarity from RBI on relief measures May 14, 2021 FIDC said that NBFCs are very small and do not have a well developed website - HAKINMHAN FIDC said that NBFCs are very small and do not have a well developed website - HAKINMHAN× Seeks moratorium up to an additional three years The Finance Industry Development Council (FIDC) has written to Reserve Bank of India Governor Shaktikanta Das seeking more clarity and highlighting residual issues in the NBFC sector after the announcement of relief measures for loan restructuring on May 5. “To clarify or perm...
RAI seeks capital support for retail industry amid pandemic By IANS | 2 Views RAI seeks capital support for retail industry amid pandemic. Image Source: IANS News New Delhi, May 13 : Retailers Association of India (RAI) has urged the government to take steps for capital infusion into the retail industry with ECLGS benefits and loan moratorium. Speaking about the state of the Indian Retail Industry, Kumar Rajagopalan, CEO, RAI, said: "The retail industry in India has been in a perpetual paradox ever since the first set of restrictions began last year in March 2020. The businesses and...
Finance > Banks & institutions > Companies (banking) > RBI Covid care: RBI opens Rs50,000-cr liquidity tap for banks 06 May 2021 Reserve Bank of India has opened an on-tap liquidity window of Rs50,000 crore to help banks provide immediate liquidity for ramping up Covid-related healthcare infrastructure and services in the country. The new on-tap liquidity window will be used to extend loans to banks with tenors of up to three years at the repo rate till 31 March 2022. Under the scheme, banks can provide fresh lending support to a wide range of entities, including vaccine manufactures, impor...