Debt Restructuring by Reserve Bank Of India
RBI offers relief to MSMEs; allows restructuring of debt up to Rs 25 crore.
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".. debt of up to 25 crore rupees for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets. The decision will help the micro, small and medium enterprises (MSMEs) which are facing cash crunch in the wake of demonetisation and GST implementation. .."
".. To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and NBFCs, to a borrower should not exceed 25 crore rupees as on January 1, 2019, and the restructuring has to be implemented by 31st of March 2020. .. "
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Find this at http://www.newsonair.com/Main-News-Details.aspx?id=357431 .
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