Banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the Covid-19 relief measures announced by the Reserve Bank earlier this month
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Banks|Coronavirus|MSMEs
To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the COVID-19 relief measures announced by the Reserve Bank earlier this month.
Many lending institutions have got board approval for the resolution framework and eligible borrowers are being contacted.
For example, the Bank of India has sent messages to its eligible customers to submit their willingness to debt recast online.
“In these trying times, we offer you a help…
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