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Why did RBI issue norms for restructuring loans to MSMEs?

The Reserve Bank of India (RBI) issued norms for restructuring loans defaulted by micro, small and medium enterprises.The RBI permitted a one-time restructuring of existing loans to MSMEs that are in default but ‘standard”” as on January 1, 2019, the central bank said in a statement. Why is it that it took such a step? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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