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RBI announces relief for MSME sector

RBI announces relief for MSME sector

Thursday, February 15, 2018, 7:44 AM

In a major relief to the medium and small enterprises sector the Reserve Bank of India on Wednesday announced that GST registered MSME borrowers will get a further 180 day window to pay dues if their accounts were standard as on August 31st 2017. Banks and NBFCs will also not be required to downgrade asset classification of these MSMEs.
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