NBFCs seek MSME restructuring scheme extension till March 2022
In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as standard without downgrade in the asset classification subject to certain additional provisioning and other compliances
PTI | April 19, 2021 | Updated 09:31 IST
Non-banking finance companies (NBFCs) have requested the Reserve Bank to extend the one-time restructuring scheme of MSME advances till March 31, 2022, as these players are unable to revive their businesses. In February last year, the Reserve Bank had permitted one-time restructuring of existing MSME advances, classified as standard without downgrade in the asset classification subject to certain additional provisioning and other compliances.