The Individual borrowers and small businesses with loan outstanding of up to Rs 25 crore, who have not taken restructuring earlier and were standard as of March 2021, will be considered for restructuring till September 30, 2021.
The RBI has imposed a monetary penalty of Rs 3 crore against ICICI Bank for violating norms related to classification, valuation and operation of investment portfolio by banks.
The RBI Governor Shaktikanta Das has announced a Covid-19 healthcare package of Rs 50,000 crore to entities for access to emergency health security during the second wave of Covid-19.
EXAMIANS