RBI announces Resolution Framework 2.0 for COVID Related Stressed Assets

RBI on Wednesday (5th May) announced Resolution Framework 2.0 targeting individual, small businesses and MSME borrowers. In terms of RBI’s Febraury 5th circular, Scheduled Commercial Banks were allowed to deduct the amount equivalent to credit disbursed to new MSME borrowers from their Net Demand and Time Liabilities (NDTL) for calculation of the Cash Reserve Ratio…