RBI turns focus to small borrowers, allows another loan recast
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Besides providing a restructuring window for small borrowers, the central bank also has allowed banks to extend the moratorium period for borrowers who had already opted for restructuring last fiscal.
Reuters
Unlike last year, Das stopped short of announcing blanket measures to support growth.
The Reserve Bank of India (RBI) turned selective in extending a fresh loans restructuring package as it focused on small borrowers including individuals, and micro and small enterprises that are bearing the brunt of the Covid second wave while leaving out the big ones who have weathered the storm in the past year.