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RBI allows one-time restructuring of MSME loans of up to Rs 25 crore

Big boost for Micro, Small and Medium Enterprises as Reserve Bank of India allows restructuring of loans up to 25 crore rupees; RBI Governor Shaktikanta Das says, top bank will infuse need-based liquidity in the banking system; Says, the status of NPA in PSU banks is improving.

RBI Governor Shaktikanta Das said banks have been asked to look at the viability of MSMEs before loan restructuring.

RBI governor further said the central bank will take steps if there is a liquidity shortage in the economy, though currently liquidity needs are largely met. He said the RBI is constantly monitoring liquidity issue and infusion of liquidity in the market will be need-based.

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