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ARTICLE · 18 MAY 2020

RBI's Relaxation For Distress Situations – Relief To The Lending Institutions

Khaitan & Co.
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The Reserve Bank of India (RBI) on 17 April 2020 introduced additional regulatory measures to alleviate the impact of COVID-19 pandemic on the Indian economy with a focus primarily on the lending institutions.

IndiaFinance and Banking
Kumar Saurabh Singh
Kumar Saurabh Singh
Rajeev Vidhani
Rajeev Vidhani
Ahana Sinha
Ahana Sinha
Rolwine Alva
Rolwine Alva
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The Reserve Bank of India (RBI) on 17 April 2020 introduced additional regulatory measures to alleviate the impact of COVID-19 pandemic on the Indian economy with a focus primarily on the lending institutions. The additional measures are consistent with the global coordinated action committed to by the Basel Committee on Banking Supervision. RBI's earlier COVID-19 – Regulatory Package dated 27 March 2020 (Regulatory Package) was focused on steps to mitigate the burden of debt servicing on the borrowers and to ensure business continuity for viable enterprises. Please read our analysis of the COVID-19 – Regulatory Package circular [here].

In this update, we will analyze RBI's circulars (Circulars) on:

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