Part of: GS Prelims and Mains III – Economy and related issues; Banking
In news:
RBI cleared a loan restructuring scheme for borrowers who are under stress because of the pandemic.
Key sectors, such as micro, small and medium enterprises (MSMEs), hospitality, aviation, retail, real estate and auto, which are facing a liquidity crunch, will benefit from this scheme.
Do you know?
Onetime loan restructuring will help soften the COVID19 pandemic’s impact on banks’ asset quality
RBI’s relaxations under the Prudential Framework on Resolution of Stressed Assets will benefit borrowers in most categories
