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Resolution Framework for COVID 19 Related Stress – For eligible Corporate borrowers and MSME above Rs.25 crore as per RBI guidelines

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 )