Reserve Bank of India allows banks to aid disaster-hit borrowers
NewsBytes | April 30, 2026 5:40 PM CST
Borrowers have 135 days, 5% provision
If you are impacted, you will have 135 days after the disaster is declared to decide if you want this relief or not.
Even if your loan status slips during this period, it can be restored once things are sorted out.
There is a small catch: banks need to set aside an extra 5% for these restructured loans, but existing rules still apply otherwise.
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