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Updated: Share Article AAA Half of Crisil-rated mid-sized companies will be eligible for the restructuring window offered under the Resolution Framework 2.0 announced by the Reserve Bank of India (RBI), the rating agency said on Thursday. Companies with relatively weaker credit profiles, and part of low-resilience sectors, are expected to benefit more from the scheme, it added. The RBI had on Wednesday announced a slew of measures to mitigate the impact of the pandemic on businesses and individuals, including a restructuring window for small businesses. Disruptions caused by the second wave o...

RBI announces 2nd round of loan restructuring for MSMEs, individuals ​ By IANS | ​ 5 Views 'MSMEs should adopt new digital solution for growth'(photo:Pixabay). Image Source: IANS News Mumbai, May 5 : The Reserve Bank of India has announced another round of loan restructuring for MSMEs, small businesses and individuals with aggregate exposure of up to Rs 25 crore, who have not been beneficiaries of restructuring frameworks. RBI Governor Shaktikanta Das noted that the resurgence of Covid-19 pandemic in India in recent weeks and the associated containment measures adopted at local/regional...

The Reserve Bank of India (RBI) will give banks Rs 50,000 crore to enable them to lend further for "healthcare needs" in the Covid-19 crisis, said governor Shaktikanta Das on Wednesday. “India has mounted a valiant defence against Covid-19. The RBI will continue to monitor the emerging situation and deploy all instruments at its command," said Das at an unscheduled briefing where he listed measures the central bank will take to support the economy during a second wave of infections. “On-tap liquidity of Rs 50,000 crore at repo rate is being opened till March 31, 2022. Under the sche...

#COVID patients can get bank loans for treatment after RBI’s fresh stimulus measures India has mounted a valiant defence to ramp up vaccines and medical support; shoring up livelihoods and restoring normalcy in access to workplaces, education and incomes becomes an imperative: @RBI Governor @DDNewslive @airnewsalerts @COVIDNewsByMIB Devastating speed of virus has to be matched by swift, wide-ranging, sequenced and well-timed actions which reach out to various sections, including the most vulnerable: #RBI Governor @FinMinIndia @PIB_India @COVIDNewsByMIB “My faith is brightest in the midst ...

How individual borrowers can use RBI’s second loan moratorium offered due to coronavirus SECTIONS Share Synopsis Any default on repayment not only leads to higher cost in terms of interest and penalties but also impacts one’s credit history negatively which reduces future creditworthiness. Moratorium helps such borrowers in keeping their credit history intact even after skipping repayments and restructuring loans for the specified period. Getty Images RBI Loan Moratorium 2021 In view of the difficulties faced by individual borrowers during the second wave of pandemic the RBI has asked len...