Page 23 - Resolution Framework News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The RBI on Wednesday re-opened a one-time debt restructuring scheme for individual borrowers under which banks can reschedule their payments or grant a moratorium for a maximum period of two years. This will not be a blanket moratorium as was granted last year. Banks will have the discretion to cherry pick borrowers who will be eligible for the loan restructuring. The period of the moratorium will also vary based on the bank's internal appraisal. The Resolution Framework 2.0 will cover consumer credit that include loans for consumer durables, credit card receivables, auto loans and personal l...

Small businesses, MSMEs to get relief. With India’s economic recovery threatened by the COVID-19 second wave, the Reserve Bank of India stepped in on Wednesday with measures aimed at alleviating any financing constraints for healthcare infrastructure and services, as well as small borrowers who may be facing distress due to a sudden spike in health expenditure. RBI Governor Shaktikanta Das used an unscheduled address to announce a Term Liquidity Facility of ₹50,000 crore with tenor of up to three years, at the repo rate, to ease access to credit for providers of emergency health services....

Can the RBI’s new measures provide real succour to Covid-hit firms and individuals?  Can the RBI’s new measures provide real succour to Covid-hit firms and individuals?  | India Today Insight The Rs 50,000 crore borrowing window to boost medical infrastructure is a welcome step, but much depends on how banks utilise this facility  advertisement RBI Governor Shaktikanta Das addressed media amid surge in coronavirus cases In 2020, the Reserve Bank of India (RBI) had come out with a range of measures to boost liquidity in the banking system and provide relief to individuals at a time when...

Reserve Bank of India Governor Shaktikanta Das.   | Photo Credit: PTI In an unscheduled address, the Governor said that the situation in the country has reversed from being on foothills of strong economic recovery to facing a fresh crisis. The Reserve Bank of India (RBI) on May 5 announced several measures to protect small and medium businesses, individual borrowers from the adverse impact of the intense second wave of COVID-19 across the country. It has also made provisions for banks to advance loans to businesses and restructure loans for enhancing liquidity in the system to help mitigate...

Committed to go unconventional, and devise new responses as situation demands, says Governor Shaktikanta Das