RBI has provided a framework to the Lenders for implementation of resolution plans for addressing the economic fallout due to Covid-19 pandemic which has led to significant financial stress for customers. Basis the framework and regulatory guidelines, the Company has framed its framework for the restructuring of the loan/s of individuals and entities that have been impacted due to Covid-19 pandemic.
For more information, please refer to May 5, 2021 guidelines issued by RBI viz,; Guideline A:Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs) and Guideline B:“Resolution Framework – 2.0: Resolution of Covid-19 related stress of Individuals and Small Businesses.