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ARTICLE · 11 MAY 2021

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Framework 2.0 Introduced By RBI To Battle Stress Caused By Second Wave Of Covid-19

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In light of resurgence of Covid-19 pandemic in India, Reserve Bank of India, vide notifications dated May 5, 2021, has announced certain measures - Resolution Framework 2 and Resolution for MSMEs – to alleviate uncertainties and stress ...

IndiaFinance and Banking
Harsh Arora
Harsh Arora
Sumit P.
Sumit P.
Tathagata Choudhary
Tathagata Choudhary
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In light of resurgence of Covid-19 pandemic in India, Reserve Bank of India (RBI), vide notifications dated May 5, 2021, has announced certain measures - Resolution Framework 2 and Resolution for MSMEs – to alleviate uncertainties and stress on individual borrowers and small businesses and Micro, Small and Medium Enterprises (MSMEs), many of whom are finding it difficult to repay loans on time.

Resolution Framework 2 – For individuals and small businesses

RBI's EMI moratorium on loan payments ended its six-month run-on August 31, 2020 and, thereafter, RBI had given the option to borrowers to approach the bank for further restructuring based on the Restructuring Circular issued in August 2020 (Resolution Framework 1). While RBI has not announced a blanket moratorium now, the measures taken vide Resolution Framework 2 pertain to resolution of advances to individuals and small businesses and resolution of working capital support, irrespective of whether they availed

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