MUMBAI: The RBI on Wednesday allowed certain individual and small borrowers more time to repay their debt and provided a Rs 50,000 crore special window to banks to lend to vaccine makers, hospitals and COVID-related health infrastructure as it looked to cushion the pandemic’s blow to the economy.
The loan recast of up to two years will be available to individuals and small and medium enterprises that did not restructure their loans in 2020 and were classified as standard accounts till March 2021, RBI Governor Shaktikanta Das said.
This story is from the May 06, 2021 edition of Millennium Post Delhi.
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This story is from the May 06, 2021 edition of Millennium Post Delhi.
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