MUMBAI : Non-banking financial companies (NBFCs) on Monday asked the Reserve Bank of India (RBI) to allow a one-off loan recast due to the impact of covid-19.
Representatives of NBFCs and microfinance institutions met RBI governor Shaktikanta Das and deputy governors via videoconference to assess the impact of RBI’s measures on their operations.
RBI had allowed banks and NBFCs to make a one-time restructuring of loans given to micro, small and medium enterprises (MSMEs).
The scheme was extended to 3 December. NBFCs have sought a offer a similar restructuring plan for their borrowers instead of extending the moratorium.