RBI extends loan restructuring facility to corporates
In February, the RBI decided to extend the benefit of one-time restructuring without an asset classification downgrade to standard accounts of GST-registered micro, small and medium enterprises (MSMEs) that were in default as on January 1, 2020, in line with the Budget announcement.
Reserve Bank of India (RBI) on Thursday announced a loan restructuring window for corporates following bankers and industry demand, Photo: Reuters