For this, all you have to do is fill an application on the website of SBI Bank and tell what kind of changes you want in your loan restructuring.
In view of the era of Corona, many banks are providing different types of facilities to their customers. A bank is providing facility to its customers sitting at home without visiting the branch. So someone is providing an option to withdraw money sitting at home. In this episode, the country’s largest bank has given its customers an opportunity to restructure loans up to 25 crores. According to SBI chairman Dinesh Khara, for this facility, the public sector bank has prepared a plan for restructuring loans of up to Rs 25 crore for the common people, small businessmen and MSMEs.
Under this plan, any business or institution or borrower who wants to do loan restructuring can complete it in a very easy way. There is no need to run anywhere for this. For this, all you have to do is fill an application on the website of SBI Bank and tell what kind of changes you want in your loan restructuring.
RBI took the decision
In fact, the Reserve Bank of India had recently issued a new rule for restructuring loans up to Rs 25 crore for common people, small businessmen and MSMEs. Banks are now taking steps to follow which. Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das had said that banks should take steps to restructure loans. Which is being initiated by other PSBs including SBI.
hence the decision
Actually, the purpose of this change on behalf of the banks is to provide additional help to the people, help in the livelihood of the people and speed up business activities in the country. These changes can promote institutional credit on easy terms, as well as improve the condition of banks.
The announcement was made earlier this month.
The Reserve Bank of India had announced Loan Restructuring 2.0 on 6th of this month, in which it was said that under the new system, applications can be made only till 30 September 2021. If all the conditions are met, then the borrower will have to implement it within 90 days by the banks.
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