INSUBCONTINENT EXCLUSIVE:
wave of the COVID-19 pandemic in the country
This comes at a time when the healthcare system is overburdened with surging coronavirus cases
The small borrowers having exposure up to Rs 25 crore, who did not avail of the restructuring earlier and where loans were classified as
standard as of March 31, 2021, will now be eligible for loan restructuring in the second round
to be true and Banking stocks did not sell-off
Rs.50000 crore term liquidity for healthcare sector is welcome but unlikely to benefit many listed players
50,000 Crs, is a good measure to immediately help ramp up medical and healthcare facilities
mobile and internet banking by customers themselves, thus reducing those costs.From the customer perspective, businesses and commercial
entities have had to go through paper-based account opening thus far
With the change in norms, current account openings and MSME Lending can now be completely digital, giving small businesses easier access to
measures announced towards rationalisation of KYC norms, especially extending scope of V-CIP, will enable banks to step up
requirements of the healthcare, medical facilities, beef-up vaccine manufacturing for domestic inoculation
MSMEs and individuals borrowers will benefit from the extension in the moratorium
The RBI's intent to take further measures if need be to provide relief, focus on the post-COVID future will send the right signal for the
borrowers, and safeguarding the macro-economic fundamentals
