RBI Re-Opens One-Time Loan Restructuring For Individuals, Small Businesses

By Abhishek Vasudev9 days ago

The Reserve Bank of India re-opened its one-time loan restructuring plan for individuals and small businesses affected by the state-wise lockdowns amid the second wave of coronavirus pandemic that has hit India badly. Individuals, small business and micro, small and medium enterprises (MSMEs) having exposure of up to Rs 25 crore, who did not avail restructuring earlier and where loans were classified as standard as on March 31, 2021 will be eligible for loan restructuring in the second round.

Restructuring under the proposed framework may be invoked up to up September 30 and shall have to be implemented within 90 days thereafter, Mr Das said.


Resurgence of Covid-19 pandemic in India in recent weeks and the associated containment measures adopted at local and regional levels have created new uncertainties and impacted the nascent economic revival that was taking shape. In this environment, the most vulnerable category of borrowers are individual borrowers, small businesses and MSMSEs, RBI Governor Shaktikanta Das said in a speech.

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