In view of the uncertainties created by the resurgence of the Covid-19 pandemic in India in the recent weeks, RBI has decided to extend the facility for restructuring existing loans without a downgrade in the asset classification subject to condition that the borrower should be classified as a micro, small or medium enterprise as on March 31, 2021. The borrowing entity is GST-registered on the date of implementation of the restructuring.In view of the uncertainties created by the resurgence of the Covid-19 pandemic in India in the recent weeks, RBI has decided to extend the facility for restructuring existing loans without a downgrade in the asset classification subject to condition that the borrower should be classified as a micro, small or medium enterprise as on March 31, 2021. The borrowing entity is GST-registered on the date of implementation of the restructuring.taxmann.com Latest Statutory HappeningsRead More
