MANU/RMIC/0061/2021

Ministry : Reserve Bank of India

Department/Board : Department of Regulation

Circular No. : DOR.STR.REC.12/21.04.048/2021-2022
                   RBI/2021-2022/32

Date : 05.05.2021

Notification/ Circulars Referred : Circular DOR.No.BP.BC/4/21.04.048/2020-21 dated August 6, 2020 MANU/RMIC/0113/2020;Notification S.O. 2119 (E) dated June 26, 2020 MANU/MSME/0006/2020;DOR.No.BP.BC.34/21.04.048/2019-20 dated February 11, 2020 MANU/RMIC/0018/2020;DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019 MANU/RMIC/0001/2019

Citing Reference:
Circular DOR.No.BP.BC/4/21.04.048/2020-21 dated August 6, 2020 MANU/RMIC/0113/2020  Referred

Notification S.O. 2119 (E) dated June 26, 2020 MANU/MSME/0006/2020  Referred

DOR.No.BP.BC.34/21.04.048/2019-20 dated February 11, 2020 MANU/RMIC/0018/2020  Referred

DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019 MANU/RMIC/0001/2019  Referred

All Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks)
All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks
All All-India Financial Institutions
All Non-Banking Financial Companies (including Housing Finance Companies)

Madam / Dear Sir,

Resolution Framework 2.0 - Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises

Please refer to the circular DOR.No.BP.BC/4/21.04.048/2020-21 dated August 6, 2020 on restructuring of advances to the MSME borrowers.

2. In view of the uncertainties created by the resurgence of the Covid-19 pandemic in India in the recent weeks, it has been decided to extend the above facility for restructuring existing loans without a downgrade in the as........