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Home Service Industry news Tertiary news RBI allows one-time recast of standard MSME accounts

RBI allows one-time recast of standard MSME accounts

The Reserve Bank of India ( RBI ) on Tuesday offered a new year gift to micro, small and medium enterprises (MSMEs) by allowing a one-time restructuring of existing loans that are in default but “standard” as on January 1. The facility could provide a timely support to scores of MSMEs hit by the double whammy of note ban and GST.


Posted: 2019-01-01 23:19:00

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