The RBI permitted a one-time restructuring of existing loans to MSMEs that are in default but 'standard" as on January 1, 2019, the central bank said in a statement.
PTI
@moneycontrolcom
The Reserve Bank of India (RBI) issued norms for restructuring loans defaulted by micro, small and medium enterprises.
The RBI permitted a one-time restructuring of existing loans to MSMEs that are in default but 'standard" as on January 1, 2019, the central bank said in a statement.
To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed Rs 25 crore as on January 1, 2019.
First Published on Jan 1, 2019 08:49 pm
