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New year bonanza: RBI issues norms for restructuring loans to MSMEs

Tuesday, January 1, 2019, 10:52 PM

In a new year gift to the MSME sector, Reserve Bank allowed a one-time restructuring of existing debt up to Rs 25 crore 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 MSMEs which are facing cash crunch in the wake of demonetisation and GST implementation.
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RBI allows lenders to recast debt of MSMEs with loans of up to Rs 25 crore

Tuesday, January 1, 2019, 10:29 PM

The RBI allowed lenders to recast loans of stressed MSME provided that the total fund and non-fund based exposure to such borrowers is up to Rs 25 crore. Such a debt restructuring, RBI said, will not lead to any downgrade in asset classification. In March 2016, RBI had notified a mechanism for resolving stressed MSME loans of up to Rs 25 crore.
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Govt likely to finalise capital infusion in PSBs this month

Monday, November 5, 2018, 11:30 AM

The Finance Ministry is likely to finalise the second-round of capital infusion for public sector banks towards end-of-this-month taking into account the latest quarter's performance, sources said. Last week, PM Modi launched a slew of measures, including loan sanction of upto Rs.1Cr in less-than an hour and relaxation in labour and environmental laws for MSMEs to give a boost to sector, country's second-biggest employer.

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