Resolution Framework for COVID 19 Related Stress – For eligible Corporate borrowers and MSME above Rs.25 crore as per RBI guidelines
- The borrower accounts which were classified as standard, but not in default for more than 30 days with the bank as on March 1, 2020(called as reference date) are eligible.
- Further, the accounts should continue to remain standard till the date of invocation.
- Scheme to be invoked before 31st December 2020 and to be implemented within 180 days.
- Businesses which are adversely affected due to COVID 19 and fulfill the above conditions are eligible subject to fulfilment of other guidelines.
- Frequently asked questions (FAQ)
- Application (Click Here)
- For further details please contact your branch
( Last modified on Oct 05, 2020 at 03:10:01 PM )