Monetary policy review: RBI extends helping hand to MSMEs, realtors

Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors

The Reserve Bank of India (RBI) on Thursday extended the window for one-time restructuring of loans given to micro, small and medium enterprises (MSMEs) to December 31. Earlier, it was earlier on March 31.

Under this plan, lenders can essentially restructure the loans to MSMEs without reclassifying their asset class.

Also, in a major relief to the real estate sector, the RBI allowed extending the date of commencement of commercial operations (DCCO) of project loans for commercial real estate by a year without downgrading the asset.

The extension of restructuring window for MSME loans by the RBI comes after the