Loan Restructuring

Keeping in line with the RBI’s Resolution Plan, Canara Bank has announced its One-time Restructuring Scheme for those borrowers who are affected financially by the COVID-19 pandemic. As you know that the previous 6-month moratorium provided by the... Read More

As you all know that the moratorium period provided by the Reserve Bank of India (RBI) ended on August 31, 2020. Within this period, RBI allowed customers to not pay their loan installments. However, lenders kept charging interest on that amount.... Read More

The COVID-19 related disruptions have impacted the financials of many individuals who have taken loans from banks or financial institutions. To give some relief to such customers, the Reserve Bank of India (RBI) provided a Moratorium period until... Read More

Keeping in line with the Reserve Bank of India’s (RBI) Resolution Plan for borrowers affected financially by the COVID-19 pandemic, Axis Bank has also provided its own Resolution Framework. This framework is rolled out to help borrowers by... Read More

Responding to RBI’s call for restructuring loans of borrowers facing loan payment issues due to COVID-related stress, ICICI Bank has announced that it will extend the repayment period of credit facilities by upto 24 months. By extending the... Read More

In March 2020, the Reserve Bank of India (RBI) provided a Moratorium Period to the borrowers that continued until August 31, 2020. During this period, borrowers had the option to not pay their loan installments without any worry about credit scores.... Read More

The Reserve Bank of India (RBI) has announced the Resolution Plan for borrowers affected by the COVID-19 pandemic. The largest lender of our country, State Bank of India (SBI), decided to be the first to follow suit and launched an exclusive online... Read More

The Reserve Bank of India (RBI) has allowed banks restructure loans of individual and MSME borrowers having an aggregate exposure of up to INR 25 crore, amid concerns over the second wave of the COVID-19 pandemic. This would apply to those borrowers... Read More