RBI allows restructuring of small business loans of up to â¹25 cr
The Reserve Bank of India (RBI) has allowed one-time restructuring of loans of up to â¹25 crore to Micro, Small and Medium Enterprises (MSMEs) that were in default as of January 1. Such restructuring wouldn't lead to a downgrade in asset classification, RBI said. Lenders are required to make an additional provision of 5% for loans restructured under this scheme.