India: COVID impact: RBI unveils loan restructuring scheme for individuals, small businesses
Mumbai, May 5 (PTI) In a bid to provide succor from scourge of COVID-19 pandemic, the Reserve Bank on Wednesday came out with Resolution Framework 2.0 under which individuals and small businesses having exposure up to Rs 25 crore can opt for loan restructuring if they had not availed the earlier scheme.
In case of those who had availed the loan restructuring under the earlier scheme, RBI permitted the banks and lending institutions to modify the plans and increase the period of moratorium.