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.