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RBI allows lenders to recast debt of MSMEs with loans of up to Rs 25 crore

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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