RBI allows banks to restructure retail loans
- RBI said banks can restructure loans of borrowers who are facing cash crunch and are unable to repay them
- The resolution of stressed personal loans will be available to borrowers who were repaying their loans regularly as on 1 March 2020
Though the Reserve Bank of India (RBI) did not extend the moratorium in its monetary policy review on Thursday, it allowed banks to restructure the loans of borrowers who are in financial difficulty and are unable to repay them.
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