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Daily Archives: October 14, 2020

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RBI clarifies various queries on COVID 19 related resolution framework scheme

Loans and advancesBy Surendra NaikOctober 14, 2020Leave a comment

RBI today released FAQs on the resolution framework for Covid-19 related stress, clarifying to borrowers as well as lenders that a loan account that was due for more than 30 days as of March 1, 2020, but subsequently got regularised, will not be ineligible for resolution under the COVID-19 resolution framework. The above clarification was…

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