Question

On 2nd May, 2021 the Reserve Bank of India extended the tenure for restructuring loan benefits to Rs ______?

A 100 crore Correct Answer Incorrect Answer
B 50 crore Correct Answer Incorrect Answer
C 75 crore Correct Answer Incorrect Answer
D 60 crore Correct Answer Incorrect Answer
E 70 crore Correct Answer Incorrect Answer

Solution

The RBI expanded the coverage of Resolution Framework 2.0 by doubling the maximum aggregate exposure threshold to Rs 50 crore for MSMEs, non-MSME small businesses and individuals for business purposes.

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