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With reference to the Reserve Bank of India, consider the following statements:
1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.
2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
With reference to the Reserve Bank of India, consider the following st...
RBI has announced following set of measures to relieve stress faced by most vulnerable categories of borrowers – namely individuals, borrowers and MSMEs.
- Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.
- Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.
- For individuals and small businesses who have availed restructuring of loans under Resolution Framework 1.0, where moratorium of less than 2 years was permitted, lending institutions can now increase the period and/or extend residual tenure up to a total period of 2 years.
- In respect of small businesses and MSMEs restructured earlier, lending institutions are now permitted to review working capital sanction limits, as a one-time measure.
Hence both statements are correct.
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With reference to the Reserve Bank of India, consider the following st...
1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore:
- This statement is correct as per the guidelines issued by the Reserve Bank of India.
- Individuals, borrowers, and MSMEs with aggregate exposure up to Rs. 25 crore are eligible for consideration under Resolution Framework 2.0.
2. Restructuring under new framework:
- This statement is also correct as per the guidelines.
- The restructuring under the new framework can be invoked till September 30, 2021.
- The implementation of the restructuring must be done within 90 days after invocation.
Therefore, both statements 1 and 2 are correct. Individuals, borrowers, and MSMEs meeting the criteria mentioned in statement 1 can avail restructuring under Resolution Framework 2.0, and the process must be completed within the timeline specified in statement 2.
- This statement is correct as per the guidelines issued by the Reserve Bank of India.
- Individuals, borrowers, and MSMEs with aggregate exposure up to Rs. 25 crore are eligible for consideration under Resolution Framework 2.0.
2. Restructuring under new framework:
- This statement is also correct as per the guidelines.
- The restructuring under the new framework can be invoked till September 30, 2021.
- The implementation of the restructuring must be done within 90 days after invocation.
Therefore, both statements 1 and 2 are correct. Individuals, borrowers, and MSMEs meeting the criteria mentioned in statement 1 can avail restructuring under Resolution Framework 2.0, and the process must be completed within the timeline specified in statement 2.
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With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Reserve Bank of India, consider the following statements:1. Individuals, borrowers and MSMEs with aggregate exposure up to Rs. 25 crore, who have not availed restructuring under any previous frameworks, who were classified as standard on 31 March, 2021, will be eligible to be considered under Resolution Framework 2.0.2. Restructuring under new framework can be invoked till September 30, 2021 and will have to be implemented within 90 days after invocation.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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