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The Economic Times

Economy / The Economic Times

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Banks allowed to offer natural calamity relief suo motu from July 1

The Reserve Bank of India is enabling banks to provide immediate relief to borrowers impacted by natural disasters. Banks can now offer rescheduling, moratoriums, and additional finance without waiting for borrower requests. The implementation of a new resolution framework has been postponed to July 1. This move aims to support those facing financial stress due to weather-related disruptions.

30 Apr 2026 12:52 am