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Amid deadly second wave, RBI announces loan restructuring for individuals and MSMEs May 5, 2021 RBI Governor Shaktikanta Das announces a slew of measures, including liquidity, credit, and more, as India struggles to cope with the deadly second COVID-19 wave. 6 CLAPS 6 The Reserve Bank of India on Wednesday announced a slew of measures, including loan restructuring for individual and small businesses hit hard by fresh COVID-19 wave. To augment supply of goods for COVID care, the central bank opened Rs 50,000 crore on-tap window to ease access to emergency health services to boost pro...

RBI allows loan restructuring for individuals, MSMEs hit by fresh Covid-19 wave Top Searches RBI allows loan restructuring for individuals, MSMEs hit by fresh Covid-19 wave PTI / Updated: May 5, 2021, 12:27 IST FacebookTwitterLinkedinEMail RBI Governor Shaktikanta Das MUMBAI: Reserve Bank on Wednesday announced a slew of measures including loan restructuring for individual and small businesses hit hard by fresh Covid-19 wave. To augment supply of goods for Covid care, the central bank opened Rs 50,000 crore on-tap window to ease access to emergency health services to boost provision of immedi...

The Consortium of Indian Associations (CIA), a group of over 30 trade bodies and regional small and medium scale industry associations expressed disappointment over RBI's decision to not waive off or reduce the 'interest' component of loans

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 ...

Small businesses, MSMEs to get relief.