RBI has doubled the maximum aggregate exposure to INR 50 crore, enabling a larger set of borrowers to avail of the benefits under Resolution Framework 2.0
Reserve Bank of India (RBI)
Posted inBusiness
RBI asks banks to offer moratorium to all, unless the borrowers choose to opt
Several banks are providing the option to defer the payment of loan interest and principal only to borrowers, who were particularly asking for it
Posted inBusiness
Reserve Bank of India revises its financial year; to follow Government’s April-March calendar year
The decision was taken during the RBI’s central board of directors’ meeting