In light of the COVID-19 pandemic and the economic fallout it has brought upon millions of borrowers across the country, RBI has provided a framework to banks & other lending institutions for the implementation of resolution plans. The purpose of this framework is to provide relief to borrowers who have been financially impacted as a result of the Covid-19 pandemic.
Based on this framework and its regulatory guidelines, Fullerton India is framing its policy for restructuring of loans availed by individuals and entities impacted by the COVID-19 pandemic.