The central bank has also asked commercial banks to link pricing of loans for the medium-sized enterprises to an external benchmark effective April 1, 2020.
Earlier, banks were directed to link the loan rate to an external benchmark for retail loans and credit extended to micro and small enterprises.
The step was taken with a view to further strengthening monetary transmission, the RBI said.
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Unknown titlehave become stressed thereafter,” RBI said. The original scheme was applicable for standard MSME accounts as of January 1, 2019, while the restructuring was to be implemented by March 31, 2020. <span>The central bank has also asked commercial banks to link pricing of loans for the medium-sized enterprises to an external benchmark effective April 1, 2020. Earlier, banks were directed to link the loan rate to an external benchmark for retail loans and credit extended to micro and small enterprises. The step was taken with a view to further strengthening monetary transmission, the RBI said. Commercial realty gains Separately, the regulator has decided to permit extension of date of commencement of commercial operations (DCCO) of project loans for commercial real estate, wh Summary
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