The Economic Times MarketsJan 13, 2022Banks brace for stress in MSME books as recast window shutsMumbai: Banks are closely watching their micro, small and medium enterprises (MSME) portfolio for signs of stress after the deadline for implementation of the latest Reserve Bank of India (RBI) restructuring plan ended in December.These companies are anyway on a weak footing and the rapid spread of infections due to the Omicron variant with the resultant restrictions in public movement could derail the nascent recovery.RBI data show that a total of ₹51,467 crore of MSME loans were restructured under the fourth restructuring window offered by the central bank in May 2021 after similar opportunities in January 2019, February and August 2020.A total of ₹1.16 lakh crore of MSME loans, or about 7.67% of the eligible loans, are at various stages of restructuring.Read more at The Economic Times Markets
Mumbai: Banks are closely watching their micro, small and medium enterprises (MSME) portfolio for signs of stress after the deadline for implementation of the latest Reserve Bank of India (RBI) restructuring plan ended in December.These companies are anyway on a weak footing and the rapid spread of infections due to the Omicron variant with the resultant restrictions in public movement could derail the nascent recovery.RBI data show that a total of ₹51,467 crore of MSME loans were restructured under the fourth restructuring window offered by the central bank in May 2021 after similar opportunities in January 2019, February and August 2020.A total of ₹1.16 lakh crore of MSME loans, or about 7.67% of the eligible loans, are at various stages of restructuring.Read more at The Economic Times Markets
