30-April-2026
Banking
 
RBI allows banks to extend relief measures to borrowers without their requests in disaster-hit areas
30-Apr-2026

Banks are allowed to extend relief measures to all borrowers without waiting for their requests, according to the Reserve Bank's revised guidelines for calamity-affected areas, which take effect from July 1. Following stakeholders' feedback on draft directions on relief measures, the central bank on Wednesday issued a series of directions for commercial banks, small finance banks, local area banks, cooperative banks, NBFCs, and All India Financial Institutions. Besides, two repeal directions have also been issued.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/rbi-allows-banks-to-extend-relief-measures-to-borrowers-without-their-requests-in-disaster-hit-areas/articleshow/130610676.cms